Thursday, November 16, 2006

Poverty Comes to an End - A Fallacy

Corruption, conflict, high deficits and a growing gap between the rich and poor are some of the major constraints to boosting economic growth in the South Asia region, according to a new World Bank report released today..

However the report, Economic Growth in South Asia, says while the challenges facing the region are daunting, it is possible South Asia could see poverty rates cut by two thirds in a decade.

Shantayanan Devarajan, World Bank Chief Economist for the region and co-author of the report, says growth rates in South Asia have been accelerating in the last 10 to 15 years.

” South Asia as a whole has been enjoying about five to six percent growth with some countries like India and Pakistan growing over seven percent in the last two years,” Devaranjan says.

“If this growth can be sustained and accelerated, South Asia - which is the region with the largest concentration of poor people in the world - has a significant chance of bringing poverty down to single digits in a decade.”

But I think before make any assumption we should stop Human Trafficking.

The worst ever curse of our society in recent past is human trafficking. Poverty stricken masses are being provoked by some rich insane and let their life to be sucked by riches.

The third world countries specially Bangladesh, Nigeria, Sudan, Uganda are the mostly affected countries.

This human trafficking leads poors to the Slave Trade. So guys please pull your arms out to combat the Human Traffickers to offer a Less Starving World to our next generation.

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