FOXNews.com: END TO THIRD WORLD? Study: Poverty Shrinking Among Poorest Countries

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END TO THIRD WORLD? Study: Poverty Shrinking Among Poorest Countries Mar 18th 2013, 10:54 Published March 18, 2013 FoxNews.com A Hindu Holy man smokes marijuana during the "Shivaratri" festival at the courtyard of the Pashupatinath temple in Katmandu, Nepal, Sunday, March 10, 2013. "Shivaratri", or the night of Shiva, is dedicated to the worship of Lord Shiva, the Hindu god of death and destruction.(AP Photo/Niranjan Shrestha)AP2013 Bangladeshi rickshaw pullers participate in a race in Dhaka, Bangladesh, Friday, March 15, 2013. A total of 84 rickshaw pullers will embark on the race from Jatiya Sangsad Bhaban to Old Dhaka and back during the Dhaka Rickshaw Festival Week. (AP Photo/A.M. Ahad)AP2013 Next Slide Previous Slide Poor no more? A new report from Oxford University's poverty and human development initiative says some of the world's most impoverished people are becoming significantly less poor. The study also predicts that countries with the most poor, including Nepal, Rwanda and Bangladesh, could see acute poverty erased within 20 years if development continues at current rates, the Guardian reports. Oxford University's study uses a measure called the Multidimensional Poverty Index (MPI), which includes indicators such as years of schooling, water availability, nutrition and child mortality. "As poor people worldwide have said, poverty is more than money – it is ill health, it is food insecurity, it is not having work, or experiencing violence and humiliation, or not having health care, electricity, or good housing," said Dr. Sabina Alkire, who co-developed the system for the organization in 2010. "Maybe we have been overlooking the power of the people themselves, women who are empowering each other, civil society pulling itself up." Last week, the UN's latest development report said the world is experiencing a "global re-balancing," with higher growth in at least 40 poor countries, the Guardian reports. Click for more from The Guardian.

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