Poverty, Poverty Assessment, Economic Modeling & Statistics
Which bottom billion?

A new report should change the way we look at poverty. With all the MDG stats flying around at the moment, you may have missed a new paper that presents one simple statistic that will, over time, revolutionise how rich countries use aid and support development. It is this: more poor people live in middle-income countries (MICs) than low income countries (LICs). Lots more.

According to Andy Sumner (at the Institute of Development Studies), who wrote this paper, approximately three quarters of the world's 1.3 billion poor people today live in MICs, with the others living in LICs, mostly in Africa.

Link: http://www.guardian.co.uk/global-development/datablog/2010/sep/14/bottom-billion-poverty
Added by View user profileNadia Afrin on July 21, 2011