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"Economic growth has been vital for reducing extreme poverty and improving the lives of many poor people," said World Bank Group president Jim Yong Kim.
An increasing number of nations pursued policies to open and connect their economies, creating great wealth and reducing extreme poverty in the process.
And longer hours may reduce productivity; in the first world war munitions factories increased production by reducing extreme working hours (then up to 100 hours a week).
Equally exciting is the finding that the Millennium Development Goal of reducing extreme poverty by half has already been met, five years ahead of schedule.
His social ideal consisted in reducing extreme inequalities of wealth, in increasing the number of small property owners, and in ensuring work and education for all.
In 2010, Ecuador was described by the Overseas Development Institute as one of the top 20 performing countries in the world in terms of reaching the MDGs, particularly with regard to reducing extreme poverty and under-five mortality rates.
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Progress has been greatest in the area of poverty and hunger: the aim of reducing extreme-poverty rates by 50% was reached in 2010.
Social welfare programmes, such as the bolsa familia cash handouts, had sharply reduced extreme poverty.
The charity works to improve health care, education and reduce extreme poverty around the world.
The Bill and Melinda Gates Foundation works to improve health care, education and reduce extreme poverty around the world.
Social programmes have reduced extreme poverty, and the government has slowly become more open.But much remains unchanged.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com