Global poverty and the new bottom billion: what if three-quarters of the worlds poor live in middle-income countries?
This paper argues that the global poverty problem has changed because most of the world’s poor no longer live in poor countries meaning low-income countries (LICs). In the past poverty has been viewed as an LIC issue predominantly, nowadays such simplistic assumptions/classifications can be misleading because a number of the large countries that have graduated into the MIC category still have large number of poor people.