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Global Poverty Down By Half Since 1981 But Progress Uneven

Date

April 30 2004


  • Rapid economic growth in East Asia has pulled over 480 million people out of poverty since 1981.
  • The proportion of people living in extreme poverty (less than US$1 a day) in developing countries dropped by almost half between 1981 and 2001, from 40 to 21 percent of global population.
  • In China alone, sustained growth has lifted more than 150 million people out of poverty since 1990.

Yet:

  • The proportion of poor has grown - or fallen only slightly - in many countries in Africa, Latin America, Eastern Europe and Central Asia.

This uneven progress raises concerns that the 8 Millennium Development Goals approved by 189 nations in 2000, the first of which is to halve 1990 poverty rates by 2015, may be beyond reach for some countries. "Economic growth in China and India has delivered a dramatic reduction in the number of poor," said François Bourguignon, the [World] Bank's Chief Economist. "But other regions have not enjoyed sustained growth and, in too many cases, the number of poor has actually increased....[M]uch more aid, much more openness to trade, and more widespread policy reforms are needed to achieve all the development goals in all countries."



Placed on the Communication Initiative site April 29 2004
Last Updated April 29 2004

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