Sure, poverty and malnutrition are still there. But the share of people suffering from malnutrition globally has decreased from 34 to 13 per cent in the past 50 years, while the world's population has more than doubled. Worldwide, economic inequality has been sharply reduced. Literally hundreds of millions have been lifted out of extreme poverty.
Emerging economies have become a key driver of world growth. Opening up to trade and to the market economy has allowed demographic giants like China and India to become economic giants, too.