In this latest issue of Child Poverty Insights, authors Laurence Chandy and Geoffrey Gertz, from the Brookings Institution, discuss new trends on global poverty.
They estimate that between 2005 and 2010, the total number of poor people around the world fell by nearly half a billion people to under 900 million. Whereas it took 25 years to reduce poverty by half a billion people up to 2005, the same feat was likely achieved in the six years between then and now. They observe that the global poverty landscape is quickly being redrawn. Between 2005 and 2015, Asia’s share of global poverty is expected to fall from two-thirds to one-third, while Africa’s share more than doubles from 28 to 60 percent. With the graduation of some of the world’s biggest developing countries into middle income-country (MIC) status, poverty is no longer concentrated in low-income countries (LIC).
They discuss the fact that poverty is becoming increasingly concentrated in fragile and conflict-afflicted states. Finally, they discuss how these trends affect UNICEF and others committed to improving the wellbeing of children across the developing world.
You can find this and all other issues of UNICEF's Child Poverty Insights here.