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In the developing world,
nearly 400 million workers are living in extreme poverty,
unable even to feed themselves sufficiently.
Another 472 million workers are not able to address their basic needs
for housing, clothing and feeding their families on a regular basis.
As investment continues to slow as a result of the global economic crisis,
people in developing countries are finding it more difficult
to move toward a better future for themselves and their families.
In our report,
we see for some of the developing world
that people hoping to move from subsistence farming
into better paid jobs are finding less opportunities to do so.
This movement of labour from low to higher productivity sector
is what we call "structural change",
and it can be an important engine of economic growth.
As the economy becomes more productive,
living standards increase
and the number of people working in poverty declines.
But in our new report,
we see that this important process of structural change
has slowed during the crisis in much of the developing world.
With less investment,
fewer jobs are being created in high productivity sectors
like industry and services.
That's making it more difficult
to improve the quality of people's lives in developing countries.