Economic Gains Fail to Reduce Poverty

    A new report by the United Nations Conference on Trade and Development indicates that modest economic growth made no dent in reducing the number of poor people in developing nations. The agency cited the recent global food crisis for the situation, leaving 75 percent of people in least developed countries still living on USD2 a day. (“World’s poorest increase despite growth-UNCTAD” - Thomson Reuters, July 17, 2008)

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