Contrasting programs and policies related to poverty Research Paper

Contrasting programs and policies related to poverty - Research Paper Example On the other hand, it can be apparently observed that America is still undergoing through a tough phase in tackling its poverty level, which fluctuates on a constant basis (The World Bank Group, 2014). With this concern, the research paper would describe the programs along with the policies associated with poverty that adopt and implement by the countries i.e. the US and China. Moreover, a comparison would also be taken into concern regarding the same in the discussion of the research paper. Prior to contrasting the programs along with the policies associated with poverty between China and the US, a detailed description of these programs as well as policies of both the nations has been provided hereunder. Since the year 1980, the Chinese government has shown significant improvement in declining the poverty rates. The projected poverty rate in China in the year 1980 was estimated 84%, which came down to 13% by the year 2012. The reason contributed in making this terrific improvement is the rise particularly in GDP rates. This can be justified as that the GDP rate rose from 1.89% in the year 1980 to 11.57% in the year 2012, which further resulted towards increase in per capita income by nearly about 30 folds from $205 to $6064 in recent times (The Economic Times, 2013). However, despite the significant success in uplifting the critical concern of poverty, China in the current scenario, is still facing certain issues relating to poverty. In this regard, the increase in the inequality levels and the concentration of the left over poverty populaces in the rural areas are becoming critical concern for the Chinese government (The World Bank Group, 2014). As a corrective measure, China along with ‘The International Bank for Reconstruction and Development (IBRD)’ has concentrated their efforts on two vital aspects. One of these is the pilot projects that will be brought under superior technical