Although there has been substantial reduction in Global Poverty, it is marked with great regional difference. Explain with example.
There have been substantial reduction in global poverty, but there are regional disparities as described below -
1. Poverty declined in China and South-East Asian countries as a result of rapid economic growth and huge investments in the development of human resources.
2. In Latin America, the ratio of poverty remained almost the same.
3. In Sub-Saharan Africa, poverty saw an upward trend rather than a downward trend. It rose from 41% in 1981 to 46% in 2001.
4. Poverty has surfaced itself in some of the former socialist countries like Russia, where formerly it was non-existent.
5. In South Asian Countries like India, Nepal, Pakistan we have witnessed a decline but it has been marginal.
1. Poverty declined in China and South-East Asian countries as a result of rapid economic growth and huge investments in the development of human resources.
2. In Latin America, the ratio of poverty remained almost the same.
3. In Sub-Saharan Africa, poverty saw an upward trend rather than a downward trend. It rose from 41% in 1981 to 46% in 2001.
4. Poverty has surfaced itself in some of the former socialist countries like Russia, where formerly it was non-existent.
5. In South Asian Countries like India, Nepal, Pakistan we have witnessed a decline but it has been marginal.