describe Global poverty Trends
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There has been substantial reduction in global poverty, but there are regional disparities as described below
(i) 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.
(ii) In Latin America and the Caribbean, the ratio of poverty remained almost the same.
(iii) In Sub-Saharan Africa, poverty saw an upward trend due to successive droughts. It rose from 51% in 1981 to 47% in 2008.
(iv) Poverty has again surfaced in some of the former socialist countries like Russia, where formerly it was non-existent.
(i) 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.
(ii) In Latin America and the Caribbean, the ratio of poverty remained almost the same.
(iii) In Sub-Saharan Africa, poverty saw an upward trend due to successive droughts. It rose from 51% in 1981 to 47% in 2008.
(iv) Poverty has again surfaced in some of the former socialist countries like Russia, where formerly it was non-existent.
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Explanation:
The global share of people in extreme poverty – those living on less than $1.90 a day – has decreased consistently since 1990, when it included over 35% of the world population, to less than 10% in 2015. ... In 2015, over one-fifth of the global population lived below $3.20 and almost a half lived below $5.50 a day.
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