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The Dynamics of Extreme Poverty in Developing Countries


This paper aims to analyses the trends and dynamics of extreme poverty in developing countries. The study attempts to answer one critical question: has the world achieved its number one Millennium Development Goal (MDG) target of reducing extreme poverty by half by 2015? The methodology used in this study mainly involves a descriptive data analysis during the period 1981-2015. The study used the World Bank’s US$1.90 a day line (popularly known as $1 a day line) in 2011 prices to measure the level of absolute poverty. In order to analyze the dynamics of poverty across different regions, the study grouped countries into five regions: i) sub-Saharan Africa; ii) East Asia and the Pacific; iii) South Asia; iv) Europe and Central Asia; and v) Latin America and the Caribbean. The study found that in 1990, there were around 1.9 billion people living below US$1.90 a day (constituting 36.9 percent of the world population) and this number is estimated to have reduced to around 700 million people in 2015, with an estimated global poverty rate of 9.6 percent. The world met the MDG target in 2010, which is five years ahead of schedule. However, extreme poverty is becoming increasingly concentrated in sub-Saharan Africa (SSA) and South Asia (SA), where its depth and breadth remain a challenge. SSA remains the poorest region, with more than 35 percent of its citizens living on less than US$1.90 a day. Half of the world’s extremely poor people now live in SSA, and it is the only region which has not met its MDG target.

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Analysis of the Evolution of SMEs in Western Romania Between 2011–2014, Using the Mathematical Modelling

Performances by Systematic Problem Analysis with TRIZ. In: EPFL Lausanne, TRIZ Future Conference 14, Global Innovation Convention. Lausanne, Switzerland 11. Ciucan-Rusu, L., & Szabo, Z. (2013) The Pyramid of Entrepreneurship in Romania: Towards New Approach. In: B. Ramadani and C. Schneider, eds., Entrepreneurship in the Balkans. Springer-Verlag. 12. Danacica, D.E. (2006) Cluster Analysis in the Study of Life Quality on the Central and Eastern European Countries, Zagreb International Review of Economics and Business, ZIREB, Vol.X,Nr.1, Croatia

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Trends Regarding the Evolution of the Romanian Pension System

– 84. 26. Schwarz, A., (2006), “Pension System Reforms.” Social Protection Discussion Paper, WorldBank. 27. Schwarz, A., Arias, O., (2014), THE INVERTING PYRAMID Pension Systems Facing Demographic Challenges in Europe and Central Asia, The World Bank. 28. 29. 30.

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Study On Budget Revenue Collection, Shadow Economy and Tax Losses Caused By It

:// Accessed February 2014. 4. Dumiter, F., Todor, S. (2014). Modeling the relationship between foreign direct investments and economic growth - evidence from Central and Eastern European countries, Studia Universitatis „Vasile Goldis” Arad, Economics Series, Volume 24, Issue 2/2014, pp. 1-18. 5. Kirchler, E., Muehlbacher, S., Kastlunger, B., Wahl, I. (2007). Why Pay Taxes? A Review of Tax Compliance Decisions, Retrieved from Accessed January 2014. 6. Maciejovski

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Effect of Corruption on Foreign Direct Investment Inflows in Nigeria

-Journal of Economics and Business, 10(2), pp. 13-28 28. Quazi, R.M., (2014), Corruption and foreign direct investment in East Asia and South Asia: an econometric study, International Journal of Economics and Financial Issues, 4(2), pp. 231-242. 29. Quazi, R., Vemuri, V., Soliman, M., (2014), Impact of corruption on foreign direct investment in Africa, International Business Research, 7(4), pp. 1-10 30. Raluca, E.L., (2015), Connections between FDI, corruption index and country risk assessments in Central and Eastern Europe, Procedia Economics and Finance

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Governmental Liquidities Management 2008-2010

Development‘, World Bank Policy Research Working Paper 3414. 7. Currie, Elizabeth and Jorge Cardona, (2006) ―Management of Contingent Liabilities‖, in Morgan Stanley Sponsored, ―Government Debt Management: New Trends and Challenges‖, Central Banking Publications, London 8. Chance, D., Grant, K. si Marsland, J., (2010). Risk management, CFA Programm Curriculum, Vol.5, Pearson Custom Publishing, Boston 9. Ebeke C., Lu, Y. (2014), Emerging Market Local Currency Bond Yields and Foreign Holdings in the Post Lehman Period-a Fortune

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Market Forecasts and Client Behavioral Data: Towards Finding Adequate Model Complexity

. 13. Ian Goodfellow, I., Bengio, Y., and Courville, A., “Deep Learning”, MIT Press 2016. 14. Ioffe, S., and Szegedy, C., "Batch Normalization: Accelerating Deep Network Training by Reducing Internal Covariate Shift", 2015. 15. Kaminski, B., Jakubczyk, M., and Szufel, P., "A framework for sensitivity analysis of decision trees". Central European Journal of Operations Research, 2017. 16. Moro, S., Cortez, P. and Rita, P., “A Data-Driven Approach to Predict the Success of Bank Telemarketing”. Decision Support Systems, Vol

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The Link Between Economic Growth, Crime and Deterrence Measures in Nigeria

- 901. 7. Central Bank of Nigeria. (2013). Central Bank of Nigeria Annual Report.The federal Republic of Nigeria. 8. Detotto, C., & Pulina, M. (2012). Does more crime mean fewer jobs and less economic growth? European Journal of Law and Economics 36, no. 1, pp.183-207. 9. Dima, S. (2014). The link between globalisation, economic growth and education: an analysis in the case of Romania. Studia Universitatis “Vasile Goldis” Arad Economics Series, 24, Issue 4, pp.94-103. 10. Egbo, O., Nwakoby, I., Onwumere

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A Model of Socially Responsible Organizational Culture

. Responsabilitate sociala corporatista. Repere conceptuale. Abordari strategice. Particularitaţi culturale. BucureSti: Universitara Publishing House. 16. Gangone, A.D. and Ganescu, M.C., 2014. Corporate social responsibility in emerging and developing economies in Central and Eastern Europe - a measurement model from the stakeholder theory perspective. Economic Research-Ekonomska Istraživanja, 27(1), pp.539-558. 17. Ganescu, C., 2012. Corporate social responsibility, a strategy to create and consolidate sustainable businesses. Theoretical and

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The Dynamics of Public and Private Debt in Ghana

:// on February 25, 2018. 14. Dembiermont, C., Drehmann, M., & Muksakunratana, S. (2013). “How much does the private sector really borrow? A new database for total credit to the private nonfinancial sector.” BIS Quarterly Review, March 2013. Retrieved from on September 12, 2017. 15. Dumiter, F., Brezeanu, P., Radu, C., & Turcas, F. (2015). Modelling Central Bank Independence and Inflation: Deus Ex Machina? Studia Universitatis “Vasile Goldis” Arad. Economics Series, Vol. 25, Issue 4, November

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