While nearly 1 billion people still live on less than $1 a day, according to World Bank estimates the incidence of poverty shrunk from 29 percent of global population to 18 percent between 1990 and 2004.
The new report from the World Economic Forum ranked the U.S. on the top and Chad on the bottom in this year's global competitiveness survey.
Offshore tutors and personal assistants are the latest development in outsourcing. Not surprisingly, India is a leader in this person-to-person offshoring, estimated to reach $2 billion by 2015.
Anirudh Krishna found that the lack of connections, rather than a shortage of better jobs, is what keeps poor Indians from escaping poverty.
Trying to navigate the World Bank's data on lending and country projects? Check out our new interactive map – it's an easy way to get the full picture.
The IMF's World Economic Outlook forecasts a 6.8 percent growth for the continent in 2008. Up from 6.1 percent in 2007, it's a performance not seen in the region since the 1970s.