Perhaps the single most important factor in lifting developing nations out of poverty is the ability to trade freely with the rest of the world, allowing capital to move to its most productive uses and supplying low-skilled workers with new productive opportunity. A new book from renowned economist Deepak Lal, Poverty and Progress: Realities and Myths about Global Poverty, launched at an event co-sponsored by India-based Atlas Network partner Centre for Civil Society (CCS), explains how worldwide trade brings prosperity to those who need it most.
“The greatest reduction of mass poverty in human history has occurred during the current era of globalization,” CCS wrote in its coverage of the book launch. “The world's poor are now catching up with the rich at a rapid pace in terms of human well-being-health, education, and life span. In his latest book, Deepak Lal draws from 50 years of experience around the globe to describe realities of developing countries and to rectify misguided notions about economic progress.”
The book launch event, held in New Delhi, was also hosted by the Federation of Indian Chambers of Commerce and Industry (FICCI) and Friedrich Naumann Foundation (FNF), and received coverage from several Indian media outlets in multiple languages.