Question

Describe global poverty trends?

Answer 1

As per the research done by world bank,global poverty has declined to 21% in 2001 from 28% in 1990.Poverty has declined substantially due to massive investment in human resource in China and south-east Asian countries.The decline of poverty is slow in countries like Sri Lanka,Nepal,Pakistan,India,Bangladesh, and Bhutan.

Answer 2

1)  The proportion of people in developing countries living in extreme economic poverty are defined by the World Bank as living on less than $1.25 per day and this estimate has fallen from 43% in 1990 to 22% in 2008.

2)  Though there has been a reduction in poverty level globally, it is marked with regional differences

3)  Poverty declined in China and South East Asian countries due to rapid economic growth, massive investments in human resources development etc.