What is Global Poverty Scenario? Explain.
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Global Poverty Scenario
Although, extreme economic poverty has reduced in the world from 43 % in 1990 to 22 % in 2008 (as per the world bank), still there are vast regional differences. These are stated below:
1- The proportion of people living under poverty in different countries is defined by the international poverty line ( means population below rs 1 a day).
2- In South -East Asia and China, there is decline in poverty due to rapid economic growth and massive investment in human resource development.
3- In Latin America and the Caribbean, poverty ratio has not changed significantly since 1981.
4- In Sub-Saharan Africa, poverty has increased since 1981 due to successive droughts and other reasons. However, it declined from 51 % in 1981 to 47% in 2008.
The Millennium Development Goals of the United Nations ( formulated in the year 2000) call for reducing the proportion of people living on less than rs 1 day to half the 1990 level by 2015
Although, extreme economic poverty has reduced in the world from 43 % in 1990 to 22 % in 2008 (as per the world bank), still there are vast regional differences. These are stated below:
1- The proportion of people living under poverty in different countries is defined by the international poverty line ( means population below rs 1 a day).
2- In South -East Asia and China, there is decline in poverty due to rapid economic growth and massive investment in human resource development.
3- In Latin America and the Caribbean, poverty ratio has not changed significantly since 1981.
4- In Sub-Saharan Africa, poverty has increased since 1981 due to successive droughts and other reasons. However, it declined from 51 % in 1981 to 47% in 2008.
The Millennium Development Goals of the United Nations ( formulated in the year 2000) call for reducing the proportion of people living on less than rs 1 day to half the 1990 level by 2015
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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.
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