The world is developing at its slowest pace in 75 years

The World Bank has a new way to measure how fast countries are developing. It turns out the world is moving slower than it has in 75 years. If this continues, global poverty will increase.

For decades, the assumption was that global development was a steady upward climb, even if uneven. This paper shows that progress has stalled for many, and even reversed for some. It means that 54 countries are now more than a century away from reaching developed country status if they continue at their current pace. This changes how development agencies will have to set targets and allocate resources.