The 2008 financial crisis and its effect on child poverty in developing countries

More than half of the children under five live in poverty, which corresponds to about one billion individuals. These children make up about one-seventh of the world's seven billion inhabitants. Most countries in the world have recognized international law on human rights and the Convention on the Specific Needs and Rights of Children, but child poverty is far from being eradicated. Relative new research shows that child poverty has decreased as a percentage from the beginning of the nineties to the beginning of the millennium, but in absolute numbers, this kind of poverty has even increased. Of course, there are major regional differences when it comes to child poverty, in sub-Saharan Africa, about eighty percent of children live in poverty, while the corresponding figure is about twenty-three percent in East Asia.