What are the challenges in eradication of poverty
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As the latest Global Monitoring Report (GMR) finds, the global poverty rate is expected to fall into the single digits for the first time in 2015 at 9.6 percent. While this is good news, when we look ahead, three major challenges stand out for development: the depth of remaining poverty, the unevenness in shared prosperity, and the persistent disparities in the non-income dimensions of development.
First challenge: while the decline in poverty rates has been impressive, poverty remains unacceptably high and deep, especially in Sub-Saharan Africa. There remain 900 million extremely poor people in 2012, the last year for which surveys are available, and a projected 700 million people in 2015. Over the last decades, the vast majority (about 95 percent) of global poverty has been concentrated in three regions: East Asia and the Pacific, South Asia, and Sub-Saharan Africa (Figure 1). Yet, there have been large declines in poverty across Asia while Sub-Saharan Africa saw a steady increase and is now home to most of the global poor (43 percent).
To successfully tackle the remaining poverty, the policy discourse needs to focus on the poorest of the poor, especially in Sub-Saharan Africa, where poverty is most persistent. Poverty headcount rates—the share of the number of people living under $1.90 a day in the total population—provide a big-picture view of the spatial distribution of poverty and the pace of progress over time, but it does not inform us about critical differences among the extremely poor with respect to the depth of poverty—the extent to which the income of the extremely poor fall below the poverty line. Two countries could record the same poverty headcount rate, where in one country poverty is shallow and in the other it is very deep.
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Here is ur answer !!
____________________________________________________
As the latest Global Monitoring Report (GMR) finds, the global poverty rate is expected to fall into the single digits for the first time in 2015 at 9.6 percent. While this is good news, when we look ahead, three major challenges stand out for development: the depth of remaining poverty, the unevenness in shared prosperity, and the persistent disparities in the non-income dimensions of development.
First challenge: while the decline in poverty rates has been impressive, poverty remains unacceptably high and deep, especially in Sub-Saharan Africa. There remain 900 million extremely poor people in 2012, the last year for which surveys are available, and a projected 700 million people in 2015. Over the last decades, the vast majority (about 95 percent) of global poverty has been concentrated in three regions: East Asia and the Pacific, South Asia, and Sub-Saharan Africa (Figure 1). Yet, there have been large declines in poverty across Asia while Sub-Saharan Africa saw a steady increase and is now home to most of the global poor (43 percent).
To successfully tackle the remaining poverty, the policy discourse needs to focus on the poorest of the poor, especially in Sub-Saharan Africa, where poverty is most persistent. Poverty headcount rates—the share of the number of people living under $1.90 a day in the total population—provide a big-picture view of the spatial distribution of poverty and the pace of progress over time, but it does not inform us about critical differences among the extremely poor with respect to the depth of poverty—the extent to which the income of the extremely poor fall below the poverty line. Two countries could record the same poverty headcount rate, where in one country poverty is shallow and in the other it is very deep.
____________________________________________________
Hope this will help you
Please mark as brilliant
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