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Global extreme poverty rates continue to decline annually. Despite a sluggish global economy, the number of people living on less than US$1.90 a day continues to fall. In 2013, only 114 million people were categorized as extremely poor.
The World Bank reports that this success in poverty reduction is driven by the East Asia and Pacific region, particularly China, Indonesia, and India.
The World Bank notes six strategies for addressing global poverty inequality. First, early childhood development and nutrition. Second, universal health coverage. Third, access to quality education. Fourth, cash transfers to poor families. Fifth, rural infrastructure development, particularly roads and electricity. Sixth, the implementation of a progressive tax system.
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