Arab Today, arab today millions exit poverty but only just barely
Last Updated : GMT 14:56:05
Arab Today, arab today
Arab Today, arab today

Millions exit poverty, but only just barely

Arab Today, arab today

Arab Today, arab today Millions exit poverty, but only just barely

South Railway Station in Shanghai
Washington - AFP

Almost 700 million people rose out of abject poverty over the first decade of the century, but most of them remain locked at very low levels of income, a study released Wednesday showed.

The Pew Research Center said that from 2001 to 2011 the world "witnessed an historic reduction in global poverty," with those considered "middle income" nearly doubling.

By 2011, only 15 percent of the world's population lived on less than $2 a day -- below the poverty line -- compared to 29 percent as the century began.

But of those who climbed higher, most are in the "low income" category, living on $2 to $10 a day, it said.

Some 56 percent of the world's population remains at that level, up from 50 percent in 2001.

The number in middle and upper-middle income ($10 to $50 a day) rose from 14 percent to 22 percent, suggesting that efforts to establish a firm global "middle class" are lagging.

The strongest gains in the pull out from poverty into the middle-income strata were concentrated in China, South America and Eastern Europe, the Pew study said.

Meanwhile, during the period, the middle class "barely expanded" in India, Southeast Asia and Central America.

As importantly, it added, "the gap in living standards between the world's economically advanced countries and emerging and developing nations barely narrowed in the first decade of this century."

"In 2001, 91 percent of the world's high-income people lived in North America and Europe; in 2011, the share was 87 percent."

The significance of that gap, Pew said, was that during the same period there was barely any narrowing of the difference in living standards between economically advanced countries and emerging and developing nations.

 

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