homless-poverty

How to eradicate extreme poverty

The eradication of poverty is the primary objective of the Global Goals for Sustainable Development.

Every October 17th the World celebrates the International Day of Eradication of Poverty. Although it was officially established by the UN in 1992, it is considered that its origins date back to Trocadero, Paris, in 1987. That year thousands of people gathered to demonstrate for Human Rights and freedom in honor of victims of poverty, hunger, violence and fear.

Poverty doesn’t mean only to have nothing to eat or to be homeless. There is no exact definition for the word poverty as there are many factors that interact to create human poverty.
UN defines poverty as:

Fundamentally, poverty is the inability of Having choices and Opportunities, a violation of human dignity. It Means lack of basic capacity to Participate Effectively in society. It Means Having not enough to feed and clothe a family, not a school or clinic Having to go to, not Having the land on Which to grow one’s food or a job to earn one’s living, access to credit Having not. It Means insecurity, powerlessness and exclusion of Individuals, Households and Communities. It Means susceptibility to violence, and it IMPLIES Often living in marginal or fragile environments, without access to clean water or sanitation

(UN Statement, June 1998 – signed by the heads of all UN agencies).

One of the most serious problems of poor people is social exclusion, these people become “invisible”. The theme of this International Day for Eradication of Poverty is “Moving from humiliation and exclusion to participation: Ending poverty in all its forms”.

The eradication of poverty is the primary objective of the Global Goals for Sustainable Development.

global-goals-for-sustainable-development

Currently 896 people million people live on less than $ 1.90 a day, that means 12.7% world population lives in poverty. According to an analysis of the Global Finance Magazine, Central African Republic is the poorest country in the world with a PPP of $ 640 in 2015, the lowest in the world. Africa dominates the top 25 of the poorest countries. Only four countries are not Africans: , Kiribati (#14), Haiti (#20), Solomon Islands (#22) and Afghanistan (#24).

Inequality has become the main obstacle to achieve the goal of eradicate extreme poverty by 2030, according to a World Bank study, which calls for it, “aimed at reducing the high level of inequality measures” and proposes six concrete formulas and tested for that.

“The message is clear: to end poverty, we must ensure that growth benefits the poorest and one of the most effective measures in this regard is to reduce the high level of inequality, particularly in countries where reside many poor”

said World Bank Group President Jim Yong Kim.

The reportPoverty and Shared Prosperity‘ focuses on countries that have achieved a significant reduction in inequality in recent years, such as Brazil, Cambodia, Mali, Peru and Tanzania, to identify up to six high-impact strategies whose effectiveness  has been “amply demonstrated” to increase the incomes of the poor, increasing their access to essential services and improve their prospects for long-term development without undermining growth.

These are 6 possible ways to combat poverty:

Early childhood development and nutrition:

india-child-poverty

These measures help children during the first 1,000 days of life, for nutritional deficiencies and lack of cognitive development during this period can cause learning delays and lower school performance in later stages of their life.

Provide an universal coverage health

to excluded people of affordable services and timely health care reduces inequality while increasing the ability of people to learn, work and progress.

Universal access to quality education:

education-poverty

School enrollment has increased worldwide and now, instead of achieving the children attend school, is needed to put emphasis on ensuring that all children, everywhere, receive quality education.

Conditional cash transfers

to poor families These programs provide a basic income for poor families, allowing them to send their children to school and giving mothers the possibility of access to basic health care.

Rural infrastructure,

rural-poverty

particularly roads and electricity: The construction of rural roads reduces the cost of transportation, connects rural farmers to markets where they sell their products, allows workers to move more freely and promotes access to schools and health centers.

Progressive Taxation:

Equitable possible to finance progressive taxation policies and state programs that are needed to level the playing field and transfer resources to the poorest inhabitants.

Is it possible to achieve the goal eradicate extreme poverty by 2030? It doesn’t seem an utopian goal if we notice the progress in recent years. Since 1990 about 1.1 billion people came out of extreme poverty. Between 2012 and 2013 around 250,000 people came out of extreme poverty every day.

There is still much to be done, but the battle against poverty is not lost, on the contrary, it is just beginning.

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The Worldfolio provides intelligence about the economies with the highest growth potential in the world, with a focus on understanding them from within.

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