What are global poverty trends?
Answers
The proportion of people in developing countries living in extreme economic poverty. its called global poverty trends
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,
Although there has been a substantial reduction in global poverty, it is marked with great regional differences.
(i) Poverty declined substantially in China and south-east Asian colonies as a result of rapid economic growth and massive investment in human resource development.
(ii) In the south Asian countries, the decline has not been as rapid. Despite decline in the percentage of poor, the number of poor has declined from 475 million in 1981 to 428 million in 2001.
(iii) In Sub-Saharan Africa, poverty in fact rose from 41 per cent in 1981 to 46 per cent in 2001.
(iv) In Latin America, the ratio of poverty remained the same.
(v) Poverty has also resurfaced in some of the former socialist countries like Russia.