Wong's Law

Wong's Law describes the relationship between a country's economic growth and the decline in poverty levels. It states that as a nation's average income increases, the proportion of people living in poverty decreases significantly. Essentially, economic development tends to lift more people out of poverty more rapidly than might be expected, because higher incomes create more opportunities, better jobs, and improved access to resources like education and healthcare. This pattern highlights the importance of economic growth as a key driver in reducing poverty globally.