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Exact(17)
Due to rapid growth in formerly poor countries, the world income distribution has changed dramatically.
Second, for businesses that continue to rely on armies of people, labour costs have soared in formerly poor countries.
The longstanding tendency of incomes to rise more quickly in formerly poor areas has now slowed or reversed.
There is the tourism of the formerly poor masses, emancipated by the boundless riches of the competitive market economy.
People in formerly poor countries that opened themselves to the outside world most notably, China and India have been its biggest beneficiaries.
That means the formerly poor citizens of giant countries could become a lot richer and still barely show up in the data.
Similar(43)
Formerly a poor fishing village, it began to develop when it became an open port in 1899, exporting agricultural and marine products, oxhide, and forest products.
That has had the corollary effect of pushing the formerly urban poor to the outskirts, where they face horrendous commutes and little institutional interest in improving their transit options.
But there's no doubt at all that the foreign direct investment undertaken through those havens has vastly improved the lives of those hundreds of millions of formerly abjectly poor.
Meanwhile, fishery production in the formerly nutrient-poor areas of the Ionian, Aegean and Levant had risen to 1.42, 2.20 and 1.56t/km2 respectively.
But it also feeds off the social unease felt by people in poor, formerly industrialized cities like this one, near Lille in northern France.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com