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  Economics (NTSE/Olympiad)  

1. Poverty As Challange

Global Poverty Scenario

The proportion of people in developing countries living in extreme economic poverty— defined by the World Bank as living on less than $1 per day—has fallen from 28 per cent in 1990 to 21 per cent in 2001. Although there has been a substantial reduction in global poverty, it is marked with great regional differences. Poverty declined substantially in China and Southeast Asian countries as a result of rapid economic growth and massive investments in human resource development. In Sub-Saharan Africa, poverty in fact rose from 41 per cent in 1981 to 46 percent in 2001 (see graph 3.3). In Latin America, the ratio of poverty remained the same.

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