"Poverty rates have reduced substantially in the world but the number of people in risk of falling into poverty has increased” announces the World Bank PovertyNet as world leaders gather in New York today to attend the UN summit on Millennium Development Goals (MDGs). So is poverty going to ‘end’? A closer look tells us why it is complete sham. Two and a half billion plus people in the poor countries are yearning for freedom from their exploitation. They will not wait and watch endlessly.
The World Bank’s poverty update, which stresses that higher poverty is associated with a faster rate of poverty decline, misses features that warrant a less complacent view. CP Chandrashekar writes in The Hindu.