ECON 255 Lecture Notes - Sub-Saharan Africa

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13 Mar 2014
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Difficulty to measure poverty and its rate. By the time it is published, it"s already outdated. The understanding of the poverty figure is very important. [how many poor people are there in the world and how many are there likely in 2015?] World bank"s definition: those living on . 25 per day. Global poverty for the period of 6 years is decreasing and it"s forecasted to increase in the next 4 years. The rate of decreasing is very fast and this trend is seen to persist except for if economic crisis were to happen. [in which countries and regions is poverty falling?] The rate of poverty in sub-saharan started to fall after 2005 but it has the slowest rate but in other nations, the rate of poverty is dropping significantly. Most of the rate of decrease in the rate of poverty is accounted by china and india. In 2015, india will be the next home to poverty.

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