This article gives an overview of the poverty, inequality, and growth numbers in China, India, and Brazil. China appears to be the best in terms of reducing poverty rates. For example, in 1981, 84 percent of Chinese population lived below the poverty line. In 2005, only 16 percent lived below this line. Even though the number is still very high, the progress made by China is very impressive.
India did relatively good job in reducing poverty. It also achieved high rates of economic growth and a better equality. The Gini coefficient decreased from 35.1 to 33.4 in 14 years (lower number indicates a more equal distribution). Brazil was not successful at all. The Gini coefficient remained high, the poverty rate decreased, but to a much smaller extent, and the average growth rate was relatively low. The author stresses out that both Asian countries should learn some lessons from Brazil.
2 comments:
This is a good article that helps to explain that even though you are a large country, you can still work to cut poverty and inequality. It was interesting to read that China and India have performed well in this category. When I think of these two countries I often think of a big gap between the wealthy and the poor because of the giant populations.
I agree with the above comment. It is true that due to the mass population, there is a wide divide between the rich and the poor, but it is highly interesting to see that both the Chinese and the Indian governments have worked hard to ensure a rise in the country's economy. They have also been successful in cutting down the steep rise in the levels of poverty and inequality. As an Indian myself, this news on India is a welcomed surprise.
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