What does
economics
have to do with
plumbing?

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Time for a poll

What is the best investment tofight world poverty”?

Macro

How can poor countries become rich countries?

Micro

How can poor people escape poverty and have prosperous lives?

What countries have achieved economic growth?

Does growth reduce poverty?

Source: https://ourworldindata.org/economic-growth

What can we learn from this graph about the relationship between economic growth and poverty?

Economic growth tends to reduce extreme poverty

A lower share of the population of high-income countries live in extreme poverty

The best policy tools for reducing poverty are those that increase economic growth

Beware
of
correlations