development

...if the whole world wished to consume at the level of the United States - a consumption pattern which has been fuelled, incidentally, by the credit binge which led to the current economic crisis - we would need, conservatively, over 5 planets like earth to support them. But, under the current pattern of unequally distributed benefits from growth, to lift everyone in the world onto a modest $3 per day, would require the resources of around 15 planets like ours. Where, you might ask, will the other 14 come from?

... for the poor to get slightly less poor, the rich have to get very much richer, implying patterns of consumption which, in a world facing climate change, cannot be sustained. It now takes around $166 worth of global growth - made up of all those energy-hungry giant flat screen TVs and sports utility vehicles - to generate a single dollar of poverty reduction for people in absolute poverty, compared with just $45 dollars in the 1980s.

During the 1980s - what was called the lost decade of development - from every $100 worth of global economic growth, around $2.20 found its way to people living below the absolute poverty line. A decade later that had shrunk to just $0.60c, and the actual mean income of those living under $1 per day in Africa also fell.