Are we losing or winning the 'War on Poverty'?

World Bank Updates Poverty Estimates for the Developing World;

New poverty estimates published by the World Bank reveal that 1.4 billion people in the developing world (one in four) were living on less than US$1.25 a day in 2005, down from 1.9 billion (one in two) in 1981.

The new numbers show that poverty has been more widespread across the developing world over the past 25 years than previously estimated, but also that there has been strong—if regionally uneven—progress toward reducing overall poverty....

“However, the sobering news—that poverty is more pervasive than we thought—means that we must redouble our efforts, especially in Sub-Saharan Africa,” said Justin Lin, Chief Economist of the World Bank and Senior Vice President, Development Economics....

Poverty in East Asia—the world’s poorest region in 1981—has fallen from nearly 80 percent of the population living on less than $1.25 a day in 1981 to 18 percent in 2005 (about 330 million), largely owing to dramatic progress in poverty reduction in China.