'although 3 has been a substantial reduction in global poverty is marked with great regional differences ' explain the statement by giving examples
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There have been substantial reduction in global poverty, but there are regional disparities as described below -
1. Poverty declined in China and South-East Asian countries as a result of rapid economic growth and huge investments in the development of human resources.
2. In Latin America, the ratio of poverty remained almost the same.
3. In Sub-Saharan Africa, poverty saw an upward trend rather than a downward trend. It rose from 41% in 1981 to 46% in 2001.
4. Poverty has surfaced itself in some of the former socialist countries like Russia, where formerly it was non-existent.
5. In South Asian Countries like India, Nepal, Pakistan we have witnessed a decline but it has been marginal.
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