World poverty on the increase

Posted: July 18, 2008 in society
Tags:

No surprise. UNCTAD (United Nations Conference on Trade and Development) in its annual Least Developed Countries Report said yesterday that the poverty rate in the world’s 50 least developed countries is rising – despite an overall economic growth in these countries of 7% between 2005-2006, the fastest in 30 years. Instead of the poor though experiencing substantial improvements in living conditions, 277 million people still live on less than US$1 a day (compared with 265 million in 2000 and 245 million in 1995); while two-thirds of all people in those 50 countries survive on just US$2 a day.

Since 2006 the situation for the poorest of the poor has worsened with the biofuel and climate change induced food crisis having led to a steep increase in world and domestic food prices in 2007/2008. In some countries the prices of staples such as maize, wheat and rice have doubled in the past 18 months.

While a rising population and a shortage of well-paid jobs are named as major reasons for the surge in the number of people living in poverty, unequal distribution of income and wealth of course is also a major factor behind the poor not being able to improve their life’s circumstances.

The increase in the number of people living in poverty means that the 50 least developed countries will not be able to achieve the first of the UN millennium development goals, halving the proportion of those living on less than $1 a day between 1990 and 2015. To achieve this, they would need to cut their absolute poverty rate to 20% by 2015. UNCTAD said that if current trends continued, they would only achieve 33% of the target by that date.

Source: The Guardian, July 18, 2008

About these ads
Comments
  1. Gee Thiru says:

    Hello,
    I am planning on some presentation on world poverty. Can I use this picture?

    Thanks,
    Gee Thiru

  2. [...] levels are falling faster then they ever have before in history, Who the heck told you that? World poverty on the increase – 2008 "No surprise. UNCTAD (United Nations Conference on Trade and Development) in its [...]

  3. jeremy says:

    nmmmmmmmmmh

  4. jeremy says:

    is really true that unequal distribution of resourses is one of the cause of poverty?

  5. [...] another fun subject, poverty! Posted: July 18, 2008 by isiria in society Tags: global justice 4 No surprise. UNCTAD (United Nations Conference on Trade and Development) in its annual Least [...]

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s