Eradicating extreme poverty and hunger

Topic Selected: Poverty

General Article icon Type: General Article

TARGET: Halve, between 1990 and 2015, the proportion of people whose income is less than $1 a day

Sustained growth in developing countries, particularly in Asia, is keeping the world on track to meet the poverty-reduction target

Robust growth in the first half of the decade reduced the number of people in developing countries living on less than $1.25 a day from about 1.8 billion in 1990 to 1.4 billion in 2005. At the same time, the corresponding poverty rate dropped from 46 per cent to 27 per cent. The economic and financial crisis that began in the advanced countries of North America and Europe in 2008 sparked declines in commodity prices, trade and investment, resulting in slower growth globally.
Despite these declines, current trends suggest that the movement of growth in the developing world remains strong enough to sustain progress needed to reach the global poverty-reduction target. Based on recently updated projections from the World Bank, the overall

Would you like to see the rest of this article and all the other benefits that Issues Online can provide with?

Sign up now for an immediate, no obligation FREE TRIAL and view the entire collection