This blog has been created to provide an area for economics students to read about how economics impacts daily life. It is especially useful for students to understand the application of macroeconomics as communicated through the media and governmental websites.

This online resource has been set up for educational purposes.All rights are reserved by the various websites.

For further clarification, please email colin@mrmc.com.sg

Poverty

clipped from www.economist.com
Poverty
Improving, slowly

Apr 23rd 2007

From Economist.com

THE number of people living on less than $1 a day fell in 2004 to 986m, or 18.4% of the population of developing countries, according to the World Bank. Annual average growth of 3.9% in GDP per person since 2000 has helped. The most striking reduction has been in China. In 2004, 9.9% of the population lived on less than $1 a day, compared with 33% in 1990.

AFP
AFP