Escape from poverty happens while the global population continues to grow

Growing Out of Poverty

GUY SORMAN

A World Bank report makes clear how free markets—and U.S. leadership—have led millions to better lives.

The U.S. trade deficit has been a godsend for the rest of the world since 1945. It has not made America poorer, and it won’t harm Americans as long the benefits emerging countries generate from it are recycled in U.S. dollars. Consider this nugget from the World Bank report: remittances from Mexican workers in the United States to their families back home amounted to $22 billion in 2010—a major source of poverty alleviation in Mexico, and a benefit proudly made in America.


http://www.city-journal.org/2012/eon0409gs.html