describe global poverty trend
The proportion of people in developing countries living in extreme economic poverty i.e. on less than $ 1 per day as defined by World Bank has fallen from 28% in 1990 to 21% in 2001. There has been a substantial reduction in global poverty, but it is marked with great regional differences
(a) Poverty declined substantially in China and South Asian countries as a result of rapid economic growth and massive development.
(b) The number of poor in China has come down from 606 million 1981 to 212 million in 2001.
(c) In the countries of South Asia (India, Pakistan, Sri Lanka, Nepal, Bangladesh, Bhutan) the decline has not been so rapid, it has declined marginally from 475 million in 1981 to 428 million in 2001.
(d) In the Sub Saharan Africa, poverty rose from 41% in 1981 to 46% in 2001.
(e) In Latin America the ratio of poverty has remained the same.
(f) Poverty has resurfaced in some of the former socialist countries like Russia, where it was non-existent earlier.
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describe global poverty trend
Global Poverty Trend
Global poverty refers to the condition of individuals or communities who lack essential resources and access to basic necessities, such as food, clean water, healthcare, education, and shelter. The trend of global poverty has been a significant concern for governments, international organizations, and individuals worldwide. Let's delve deeper into the subject to understand the dynamics and changes in global poverty over time.
1. Historical Perspective
- Poverty has been a persistent issue throughout history, with varying degrees of intensity across different regions and time periods.
- Industrialization and economic development in the 19th and 20th centuries led to significant improvements in living conditions for many people, especially in developed countries.
- However, poverty remained prevalent in many developing nations due to factors like colonialism, conflicts, political instability, and inadequate economic policies.
2. Millennium Development Goals (MDGs)
- In the early 2000s, the United Nations established the Millennium Development Goals (MDGs) to tackle global poverty, setting specific targets to be achieved by 2015.
- The MDGs aimed to reduce extreme poverty and hunger, improve education, promote gender equality, reduce child mortality, combat diseases, ensure environmental sustainability, and develop global partnerships.
- While progress was made in some areas, such as reducing extreme poverty and improving access to clean water, the targets were not fully met by all countries.
3. Sustainable Development Goals (SDGs)
- In 2015, the United Nations introduced the Sustainable Development Goals (SDGs) as a successor to the MDGs, with a broader and more comprehensive agenda.
- The SDGs encompass 17 goals and 169 targets, addressing various aspects of poverty, inequality, climate change, education, health, and sustainable development.
- The primary goal is to eradicate extreme poverty and hunger by 2030 and ensure inclusive and sustainable development for all.
4. Recent Trends and Challenges
- According to recent data, the global poverty rate has been declining, but challenges remain in achieving the SDG target of eradicating extreme poverty.
- Factors contributing to poverty include economic inequalities, lack of employment opportunities, inadequate social protection, limited access to quality education and healthcare, and environmental degradation.
- The COVID-19 pandemic has further exacerbated poverty, with millions of people experiencing job losses, reduced incomes, and increased vulnerability.
5. Efforts and Solutions
- Governments, international organizations, and NGOs are implementing various strategies to address global poverty, including poverty alleviation programs, social safety nets, inclusive economic growth, and investments in education and healthcare.
- Promoting sustainable development, reducing inequality, empowering marginalized communities, fostering gender equality, and ensuring access to basic services are crucial steps towards eradicating poverty.
In conclusion, the trend of global poverty has seen both progress and challenges over time. While efforts have been made to reduce poverty rates, achieving the goal of eradicating extreme poverty by 2030 remains a significant global challenge. It requires sustained commitment, comprehensive strategies, and international cooperation to address the root causes of poverty and ensure a more equitable and prosperous world for all.