Question

Describe global poverty trends in short

Answer 1

The proportion of people in developing countries living in extreme economic poverty i.e. on less than $ 1 per day as defined by World Bank has fallen from 28% in 1990 to 21% in 2001


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Answer 2

Global poverty has indeed been substantially diminished, however as mentioned following, there are many geographical differences.

Explanation:

• As either a consequence of strong economic growth including major investments throughout the production of human capital, poverty has decreased across China and indeed the South-East parts of Asia.
• In almost all of the vanquished social democracies, such as Russia, where it would have been once non-existent, poverty recently has arisen again.

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