brief description of the global poverty trends ?
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The percentage of people living below poverty line has fallen from 28% in 1991 to 21% in 2001; in the developing countries.
Poverty declined substantially in China and some South Asian countries because of rapid economic development. On the other hand, reduction was not as sharp in countries; like Pakistan, Bangladesh, Sri Lanka, etc.
In Sub Saharan Africa, poverty increased from 41% in 1981 to 48% in 2001. The poverty level has remained the same in Latin America. Poverty has resurfaced in Russia and some of the former communist countries.
Poverty declined substantially in China and some South Asian countries because of rapid economic development. On the other hand, reduction was not as sharp in countries; like Pakistan, Bangladesh, Sri Lanka, etc.
In Sub Saharan Africa, poverty increased from 41% in 1981 to 48% in 2001. The poverty level has remained the same in Latin America. Poverty has resurfaced in Russia and some of the former communist countries.
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The increased prevalence of poverty in middle-income countries is in many ways a trend of success. Over the past decade, the number of countries classified as low-income has fallen by two fifths, from 66 to 40, while the number of middle-income countries has ballooned to over 100. This means 26 poor countries have grown sufficiently rich to surpass the middle-income threshold. Among those countries that have recently made the leap into middle-income status are a group of countries - India, Nigeria and Pakistan - containing large populations of poor people. It is their “graduation” which has brought about the apparent shift in poverty from the low-income to middle-income country category.
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