Question

describe the global poverty scenerity as studied by world banks

Answer 1

1) Poverty declined in China and South East Asian countries as a result of rapid economic growth and huge investment in the development in human resources.

2) In Latin America and the Caribbean , the poverty ratio has remained almost the same.

3) In Sub Saharan Africa, poverty saw an upward trend due to successive drought. It rose from 51% in 1981 to 47% in 2008.

4) Poverty has again surfaced in former socialist countries like Russia where formerly was non existent.