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:ï‚§    The proportion of people living under poverty in different countries is defined by the international poverty line (means population below $1 a day).ï‚§     In South-East Asia and China, there is decline in poverty due to rapid economic growth and massive investment in human resource development.ï‚§     In Latin America and the Caribbean, poverty ratio has not changed significantly since 1981.ï‚§     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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