describe the global poverty trend
On global scale, people spending less than 1.25 dollars per day are considered below poverty line. Poverty %was28%in 1990 on these basis, which has come down to 21%in the year 2001. Besides there is wide disparity in poverty ratio among different regions of the world
describe the global poverty trend
Global Poverty Trend Overview
The global poverty trend reflects significant changes over the past few decades, characterized by both progress and ongoing challenges.
Decline in Extreme Poverty
- The percentage of people living on less than $1.90 a day has seen a remarkable decline, from 36% in 1990 to about 9% in 2019.
- Economic growth in countries like China and India has lifted millions out of extreme poverty.
Impact of COVID-19
- The pandemic disrupted global economies, pushing an estimated 97 million additional people into extreme poverty in 2020.
- Recovery efforts vary by region, with low-income countries facing significant challenges.
Regional Disparities
- Sub-Saharan Africa continues to experience high poverty rates, with over 40% of the population living in extreme poverty.
- South Asia has made substantial progress, but pockets of poverty remain persistent.
Gender and Poverty
- Women and children are disproportionately affected by poverty, facing barriers to education and economic opportunities.
- Empowering women is crucial for breaking the cycle of poverty and fostering economic development.
Future Challenges
- Climate change poses a significant threat, exacerbating poverty through natural disasters and resource scarcity.
- Global inequalities, political instability, and economic shocks remain hurdles in the fight against poverty.
Conclusion
While the trend shows a general decline in global poverty, ongoing efforts are necessary to address the inequalities and challenges that persist, ensuring that future generations can achieve sustainable development and improved living conditions.
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