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Describe global poverty trenda?

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Describe global poverty trenda?
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Yogita Ingle 6 years, 11 months ago

The global poverty trends:
(i) Fall in global poverty - The World Bank defines poverty as living on less than $ 1 per day. There has been a substantial reduction in global poverty. It has fallen from 28 percent in 1990 to 21 per cent in 2001.
(ii)Regional variation - Although there has been a substantial reduction in global poverty, it is marked with great regional variation. Poverty declined substantially in China and South-East Asian countries as a result of rapid economic growth and massive investment in human resources development. But the pace of reduction of poverty in South Asian countries is very slow.
(iii)Poverty in India - Poverty in India has also declined, but the pace of reduction is very slow. According to World Bank's definition, 35.3% of the total population is still living below the poverty line.
(iv)Poverty in Sub-Saharan Africa - In Sub-Saharan Africa, poverty in fact rose from 41 per cent in 1981 to 46 per cent in 2001. Sub-sahara includes Algeria, libya, Nigeria, China etc.
(v)Poverty in Russia - The poverty has also resurfaced in some of the former socialist countries like Russia, where officially. It was not existent earlier.

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