In the News
Can extreme poverty ever be eradicated?
The World Bank's definition of absolute poverty is that anyone living on less than $1.90 per day is living in extreme poverty. But is it feasible for extreme poverty to be completely eradicated?
The fact is that the bulk of poverty reduction has taken place in China and India, and there are doubts about whether these growth models are applicable to sub-Saharan Africa, where poverty reduction has been far slower. In percentage terms, the number of those in extreme poverty has fallen but the numbers of extreme poor is growing because of population growth and other, structural, factors that mean that it is harder to escape extreme poverty.