Write a note on Global Poverty Scenario.
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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.
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An international monetary threshold under which an individual is considered to be living in poverty is; if an individual's earnings are less than one dollar/ day. It is calculated by taking the poverty threshold from each country.
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