Updated: 5/16/2006; 2:45:03 PM.

Current events
Post-9-11 events and analyses


daily link  Wednesday, September 08, 2004


Fewer Asians live on less than $1 a day: "In a new report, the Asian Development Bank (ADB) says the number of people in Asia living on less than $1 a day fell by 223 million between 1990 and 2002. China accounted for 3 out of 4 of those whose incomes rose above a level classified as "extreme poverty" by economists. ..  Ifzal Ali, chief economist of the ADB estimates that by 2015, provided this growth is sustained, the number of Asians living extreme poverty could fall as low as 150 million, down from 690 million in 2002. ..

The growing gap [between rich and poor] is particularly evident in India. A booming software industry has sprouted office towers and gated communities, while the number of people living on under $2 a day actually rose 17 percent to 840 million through 2002. ..

Access to land, clean water, education and healthcare are also crucial to the fight against poverty. The ADB chides South Asian governments for failing to invest in public services. .. "People are no longer willing to be patient for trickledown growth. They want a better life and they want it now," says Ali. "Governments must be sensitive to their issues or they will be tossed out.""

  10:21:45 PM  permalink  

 
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Copyright 2006 © Ken Novak.
Last update: 5/16/2006; 2:45:03 PM.