Thursday, September 4, 2008

Abject poverty

The World Bank reported in August that in 2005, there were 1.4 billion people living below the poverty line - that is, living on less than $1.25 a day. That is more than a quarter of the developing world's population and 430 million more people living in extreme poverty than previously estimated. ...

Forty-two percent of India's people live below the World Bank's poverty line, as do 16 percent of China's. ...

Source: International Herald Tribune, September 2, 2008

According to the IHT, in India there are more people living in extreme poverty today than there were 25 years ago.

On Sept. 3, the IHT reported:

China may raise its poverty threshold to double the number of people eligible for government help as income gaps reach their widest level in three decades, state media reported Wednesday. ...

The proposal would increase China's poverty threshold from 1,067 yuan (US$152) a year to 1,300 yuan (US$186), following a decision by the World Bank to raise its poverty line from $1 to $1.25 a day, the state-run paper reported.

The change would double to 80 million the number of people considered to be living in poverty, the newspaper said. Tens of millions more live in near-poverty conditions.