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The world`s poor hunger for free trade

Kevin Hassett / New Delhi July 09, 2008, 0:38 IST The political might of entrenched interest groups seems poised to thwart real reforms in agriculture. This week, as the Group of Eight countries meet to discuss global problems, there is one sad truth you can put your money on: The G-8 will continue to fiddle while the developing world burns. Over the past several decades, remarkable progress has been made against poverty around the globe. According to World Bank data, the number of extremely poor people shrank to fewer than a billion in 2004 from about 1.5 billion in 1981.