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Essay text:
In absolute numbers the
reduction during the period was 130 million with most of it coming from China. In Sub-Saharan Africa, the absolute
number of poor actually increased by 100 million during the period. The Central and Eastern Europe and the CIS also
witnessed a dramatic increase in poverty. While incidence of poverty declined in South Asia, Latin America and the
Middle East witnessed no change.
The recent trends in global and regional poverty clearly suggest one thing and that is, that rapid economic growth
over a prolonged period is essential for poverty reduction. At the macro level, economic growth implies greater
availability of public resources to improve the quantity and quality of education, health and other services...
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