Global Poverty Scenario


 
 
Concept Explanation
 

Global Poverty Scenario

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:    The proportion of people living under poverty in different countries is defined by the international poverty line (means population below $1 a day).     In South-East Asia and China, there is decline in poverty due to rapid economic growth and massive investment in human resource development.     In Latin America and the Caribbean, poverty ratio has not changed significantly since 1981.     In Sub-Saharan Africa, poverty has increased since 1981 due to successive droughts and other reason.  However, it declined from 51% in 1981 to 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 $1 a day to half the 1990 level by 2015

 

 
 


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