Aug 31 2007
2 Billion Poor People In Asia
Many people feel that 21st century is going to be then Asian Century.People often talk about the rising economies of China and India. However, it may not happened if the income of an Asia person gets less than 2 dollars a day. So, what is the definition of property? Well, I believe its stated most from the media. But, if the definition of poverty is measured less than a dollar a day of income, then Asia will have 600million of poor people. If the definition is measured as an income of two dollars a day then the number of poor people in Asia will dramatically increase to nearly 2 billion people.
“ More than 600 million Asians live below the $1-a-day poverty level, or “more than two-thirds of the world’s poor,” the report said. “If the poverty line is raised to $2 a day, Asia has about 1.9 billion poor people,” or more than three-fourths of the world total, it said.
The percentage of people living on $1 a day in South Asia, which includes India and Bangladesh, dropped to 28.4 percent in 2003 from 40.9 percent in 1990, the report said. In East Asia, which includes China, it fell to 14.9 percent from 31.2 percent.”
“A new study conducted by the International Labour Organisation has warned that unemployment will become more acute in South Asia in the next decade as the labour force in the region is expected to grow by around 2.1 per cent a year.
Because of the growth in labour force, 14 million more people will be added to the labour market by 2015, as per a report on labour and social trends in South Asia.
The report says the most rapid increase will be in countries with the greatest number of working poor and the largest informal economies such as Afghanistan, Bangladesh, Nepal and Pakistan, and slowest in Sri Lanka.”
India economy is growing but the job market in India is however not growing at all. This sad reality clearly shows that Asian governments need to take the issue of unemployments very seriously. People without jobs has already become a cause of concern for the decision makers in India. Asian leaders should do some work about this, and start should come up with a solution as soon as possible.














