P2U1 01Poverty Reduction

Front

What is the World Bank's definition of extreme poverty?

Back

Living on less than $1.90 per day.

Front

How many people have moved out of extreme poverty in the past 20 years?

Back

About 1 billion people, especially in Asia and Latin America.

Front

Which country is noted for making huge progress in poverty reduction?

Back

China, with around 500 million people escaping extreme poverty.

Front

What are the key challenges for poverty reduction in Sub-Saharan Africa?

Back

Bad governance, conflict, and geographic challenges.

Front

What defines the new global middle class (NGMC)?

Back

People earning between $10 and $100 a day.

Front

What are the consumption patterns of the NGMC?

Back

Increased spending on consumer products like electronics, cars, clothing, and mobile phones, and more varied and expensive foods.

Front

What is the environmental impact of the growing middle class?

Back

Increased waste, higher energy consumption, and more land needed for cattle farming.

Front

What factors contributed to rapid income growth in East Asia?

Back

Industrialization and urbanization.

Front

What are the factors hindering income growth in Sub-Saharan Africa?

Back

Bad governance, conflict, and geographic challenges.

Front

What is the projected growth of the middle class in Asia-Pacific by 2030?

Back

A massive increase, with a +571% growth in middle-class consumer spending.