Pulled Hundreds of Millions of People Out of Poverty

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EMERGING markets have had a good decade. Rapid growth in China and India has pulled hundreds of millions of people out of poverty, sustained expansion has spread from Asia, where rapid catch-up has a long history, to South America, where halting growth and economic retrenchments were more the norm. These impressive expansions survived the recent downturn; while developed economies struggle to find their footing, China, India, and Brazil are closer to overheating. Growth in sub-Saharan Africa has generally been strong over the past decade. In 2009, when the world economy shrank, sub-Saharan Africa continued to expand. The IMFprojects that the region will grow at 5% or more in 2010 and 2011.

good decade. Rapid growth in China and India has pulled hundreds of millions of people out of poverty, sustained expansion has spread from Asia, where rapid catch-up has a long history, to South America, where halting growth and economic retrenchments were more the norm. These impressive expansions survived the recent downturn; while developed economies struggle to find their footing, China, India, and Brazil are closer to overheating. Growth in sub-Saharan Africa has generally been strong over the past decade. In 2009, when the world economy shrank, sub-Saharan Africa continued to expand. The IMFprojects that the region will grow at 5% or more in 2010 and 2011.good decade. Rapid growth in China and India has pulled hundreds of millions of people out of poverty, sustained expansion has spread from Asia, where rapid catch-up has a long history, to South America, where halting growth and economic retrenchments were more the norm. These impressive expansions survived the recent downturn; while developed economies struggle to find their footing, China, India, and Brazil are closer to overheating. Growth in sub-Saharan Africa has generally been strong over the past decade. In 2009, when the world economy shrank, sub-Saharan Africa continued to expand. The IMFprojects that the region will grow at 5% or more in 2010 and 2011.good decade. Rapid growth in China and India has pulled hundreds of millions of people out of poverty, sustained expansion has spread from Asia, where rapid catch-up has a long history, to South America, where halting growth and economic retrenchments were more the norm. These impressive expansions survived the recent downturn; while developed economies struggle to find their footing, China, India, and Brazil are closer to overheating. Growth in sub-Saharan Africa has generally been strong over the past decade. In 2009, when the world economy shrank, sub-Saharan Africa continued to expand. The IMFprojects that the region will grow at 5% or more in 2010 and 2011.good decade. Rapid growth in China and India has pulled hundreds of millions of people out of poverty, sustained expansion has spread from Asia, where rapid catch-up has a long history, to South America, where halting growth and economic retrenchments were more the norm. These impressive expansions survived the recent downturn; while developed economies struggle to find their footing, China, India, and Brazil are closer to overheating. Growth in sub-Saharan Africa has generally been strong over the past decade. In 2009, when the world economy shrank, sub-Saharan Africa continued to expand. The IMFprojects that the region will grow at 5% or more in 2010 and 2011.good decade. Rapid growth in China and India has pulled hundreds of millions of people out of poverty, sustained expansion has spread from Asia, where rapid catch-up has a long history, to South America, where halting growth and economic retrenchments were more the norm. These impressive expansions survived the recent downturn; while developed economies struggle to find their footing, China, India, and Brazil are closer to overheating. Growth in sub-Saharan Africa has generally been strong over the past decade. In 2009, when the world economy shrank, sub-Saharan Africa continued to expand. The...
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