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South Korean's per capita income has grown 23-fold since then, while Pakistan has experienced only a three-fold increase.How we can help more of the world's poorest countries emulate South Korea's success is one of the most important questions facing the world today. One of the least desirable targets seems laudable at first: full employment for all.So why not end extreme poverty by simply transferring enough resources to this billion people to get them to at least $1.26 a day?In total, every dollar spent on increased migration would produce more than $45 of social good – possibly more than $300 . While in today's political climate, increasing migration might be difficult to achieve, it is worth pointing out how effectively it could help the world's poorest.Each person in the developing world would earn $1,000 more per year, on average.Each of these proposals – full employment, cash transfers, broadband rollout, freer migration and lower trade barriers – is covered by at least one of the U.N.'s 169 development targets. In September, when world leaders gather in New York, they need to focus on the smartest ways to boost global prosperity. Doing so would help more countries take South Korea's path and lift their populations out of poverty.
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