Sub-Saharan Africa Falls Behind In Fight against Extreme Poverty
The growth in economy has raised over a billion poor people from severe poverty in the past two decades, and the quantity of people earning below 1.25 dollars a day decreased in each country around the world excluding sub-Saharan Africa.
Based on the information given by World Bank, the growing countries in East Asia, Latin America and South Asia have seen the quantity of people living in poverty who earn below 1.25 dollars a day on the reduction. On the other hand, sub-Saharan Africa is continually experiencing poverty even though they are already rapidly growing their economy in the past years.
According to the written report released by World Bank, “the number of extremely poor people has fallen in all regions except sub-Saharan Africa, where population growth exceeded the rate of poverty reduction.” It also presents that, when it comes to elimination of poverty, there are about 45 percent of countries from sub-Saharan are “seriously off track” from achieving their Millennium Development Goals.
The analyst of World Bank roughly calculates that the quantity of citizens in the world living in severe poverty has been trimmed down into half since 1990.The group’s Development Indicators measure countless issues, from famine and illness to workforce problems and lack of education.
The estimation of The International Monetary Fund in the country’s gross domestic product (GDP) will increase from the general average of 3.5 percent to 4.5 percent this year. However, the statistics of World Bank shows that it is below the line among all countries in equal rights and environmental development while it is on the top list when it comes to child death.
In some instances, countries which have a rapid growth have yet to move on the economic advantages to their poor people in some various reasons.
Nevertheless, it’s beginning to make a difference.
In year 2000, Internet was widespread in fast developing economies but was hardly having started and in progress in developing countries. Today, growing countries are starting to succeed in reaching from other countries that are ahead.
K. Caulderwood