Describe global poverty trends
Describe global poverty trends.
Answer: The percentage of people living below povery line has fallen from 28% in 1991 to 21% in 2001; in the developing countries.
Poverty declined substantially in China and some South Asian countries because of rapid economic development. On the other hand, reduction was not as sharp in countries; like Pakistan, Bangladesh, Sri Lanka, etc.
In Sub Saharan Africa, poverty increased from 41% in 1981 to 48% in 2001. The poverty level has remained the same in Latin America. Poverty has resurfaced in Russia and some of the former communist countries.