write a brief account of world poverty scenario
Answers
Explanation:
The proportion of people in developing countries living in extreme economic poverty— defined by the World Bank as living on less than $1 per day—has fallen from 28 per cent in 1990 to 21 per cent in 2001,but near about 3 billion peoples live less than $1.25/day . Poverty declined substantially in China and South-East Asian countries as a result of rapid economic growth and massive investments in human resource development. Number of poor’s in China has come down from 606 million in 1981 to 212 million in 2001. In the countries of South Asia (India, Pakistan, Sri Lanka, Nepal, Bangladesh, Bhutan) the decline has not been as rapid. Despite decline in the percentage of the poor, the number of poor has declined marginally from 475 million in 1981 to 428 million in 2001. Because of different poverty line definition, poverty in India (currently 21.9 % of total population) is also shown higher than the national estimates. In Sub-Saharan Africa, poverty in fact raised from 41 per cent in 1981 to 46 per cent in 2001. In Latin America, the ratio of poverty remained the same. Poverty has also resurfaced in some of the former socialist countries like Russia, where officially it was nonexistent earlier. The Millennium Development Goals of the United Nations calls for reducing the proportion of people living on less than $1 a day to half the 1990 level by 2015(new Millennium Development Goals want to eradicate the poverty by 2030).
Answer:
According to the World Bank standard, the poverty ratio or percentage of population living below the poverty line in developing countries has come down from 28% in 1990 to 21% in 2001. The World Bank standard of poverty line states that all people living under $1 per day live in poverty.aggregation and comparison, the World Bank uses poverty lines set at $1 and $2 per. day (more precisely $1.08 and $2.15 in 1993 Purchasing Power Parity terms).
Explanation:
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