Global Poverty is a crucial factor in an undeveloped country : Poverty has been an ongoing, social issue that throughout the years has changed its meaning.
Poverty is defined as lacking necessities such as water, food, shelter, wealth, etc. Global poverty is a serious issue that puts breaks on human development. It also challenges human dignity and world peace. Mahatma Gandhi said, “Poverty is the worst form of violence”.
We don’t know the exact reason, why poverty is still occurring, because the reason seems to always be changing. It may differ from country to country across the world. Poverty can’t be explained in one particular way, it’s a broad topic to discuss. The poorest people in an industrialized nation may be well off than the average citizens in a less-developing country. The
definition of poverty alternates from the region across the world. According to the United Nation’s Human Development Report 1996, the average per capita income of the poorest one-fifth of Americans was $5,814 in 1993. That figure is ten times Tanzania’s average per capita income of $580 per year. By Tanzanian standards, Americans in that bottom 20 content may
seem quite well-off. However, by U.S. standards, they are not.
However, poverty is measured in two ways- absolute poverty and relative poverty. Absolute poverty is also known as extreme poverty, and it could be injurious to people’s health and life. Absolute poverty looks at the goods and services someone (or a family) cannot obtain. Relative poverty is the condition of having fewer resources or less income than the others within a
society or country or compared to worldwide averages. Relative poverty is socially defined and dependent on context, it is a measure of income inequality.
About 9.2% of the world or 689 million people live in extreme poverty, surviving on less than $1.90 a day. Extreme poverty is increasingly concentrated in sub-Saharan Africa, about 40% of the region’s people live on less than $1.90 a day. In the United States, 10.5% of the population — 34 million people— live in poverty as of 2019. And this rate nearly doubled in the Middle East and North Africa between 2015 and 2018, from 3.8% to 7.2%, mostly because of crises in Syria and Yemen.
Poverty is like a vicious circle. Poverty causes poverty. Just as the rich people get richer as they are already rich and the poor get poorer because they live in poverty. Poverty has many causes and some of them are very basic. The basic factors that may lead to poverty are inadequate education and fearless employment opportunities, overpopulation, inability to meet the
standard of living and cost of living, certain economic and demographic trends, the unequal distribution of resources in the global economy, welfare incentives and environmental degradation.
Global extreme poverty rose in 2020 for the first time in over 20 years as the disruption of the COVID-19 pandemic. As per the World Bank, about 100 million additional people are living in poverty as a result of the pandemic. The current scenario of the world is the worst. During 2020, as the pandemic spread around the globe and growth forecasts deteriorated, we gradually increased our estimate of the impact of the pandemic on global poverty. To recall, COVID-19-induced poverty is calculated as the difference in poverty in a world with and without the pandemic. The pandemic-induced poverty estimates were derived using the latest growth forecasts available from the Global Economics Prospect
(GEP), and the pre-pandemic counterfactual was derived using the forecasts from the January 2020 GEP.
In January 2021, we estimated that the pandemic will push between 119 and 124 million people into extreme poverty around the glob2 – GLOBAL POVERTY Poverty has been an ongoing, social issue that throughout the years has changed its meaning. Poverty is defined as lacking necessities such as water, food, shelter, wealth, etc. Global poverty is a serious issue
that puts breaks on human development. It also challenges human dignity and world peace. Mahatma
Gandhi said,d “Poverty is the worst form of violence”.
We don’t know the exact reason, why poverty is still occurring, because the reason seems to always be
changing. It may differ from country to country across the world. Poverty can’t be explained in one
particular way, it’s a broad topic to discuss. The poorest people in an industrialized nation may be better
off than the average citizens in a less-developing country. The definition of poverty alternate from
regions across the world. According to the United Nation’s Human Development Report 1996, the
average per capita income of the poorest one-fifth of Americans was $5,814 in 1993. That figure is ten
times Tanzania’s average per capita income of $580 per year. By Tanzanian standards, Americans in that
bottom 20 per content may seem quite well-off. However, by U.S. standards, they are not.
However poverty is measured in two ways- absolute poverty and relative poverty. Absolute poverty is
also known as extreme poverty, and it could be injurious to people’s health and life. Absolute poverty
looks at the goods and services someone (or a family) cannot obtain. Relative poverty is the condition of
having fewer resources or less income than the others within a society or country or compared to
worldwide averages. Relative poverty is socially defined and dependent on context, it is a measure of
income inequality.
About 9.2% of the world or 689 million people live in extreme poverty, surviving on less than $1.90 a
day. Extreme poverty is increasingly concentrated in sub-Saharan Africa, about 40% of the region’s
people live on less than $1.90 a day. In the United States, 10.5% of the population — 34 million people
— live in poverty as of 2019. And these rates nearly doubled in the Middle East and North Africa
between 2015 and 2018, from 3.8% to 7.2%, mostly because of crises in Syria and Yemen.
Poverty is like a vicious circle. Poverty causes poverty. Just as the rich people get richer as they are
already rich and the poor get poorer because they live in poverty. Poverty has many causes and some of
them are very basic. The basic factors that may lead to poverty are inadequate education and fearless
employment opportunities, overpopulation, inability to meet standard of living and cost of living, certain
economic and demographic trends, the unequal distribution of resources in the global economy, welfare
incentives and environmental degradation.
Global extreme poverty rose in 2020 for the first time in over 20 years as the disruption of the COVID-19
pandemic. As per the World Bank about 100 million additional people are living in poverty as a result of
the pandemic. The current scenario of world is worst. During 2020, as the pandemic spread around the
globe and growth forecasts deteriorated, we gradually increased our estimate of the impact of the
pandemic on global poverty. To recall, COVID-19-induced poverty is calculated as the difference in
poverty in a world with and without the pandemic. The pandemic-induced poverty estimates were
derived using the latest growth forecasts available from the Global Economic Prospect (GEP), and the
pre-pandemic counterfactual was derived using the forecasts from the January 2020 GEP. In January
2021, we estimated that the pandemic will push between 119 and 124 million people into extreme
poverty around the globe in 2020. Media involvement The World Bank groups are working to end poverty by responding effectively to the urgent crisis in the short run while continuing to focus on foundational development problems, including conflict and climate change. The United Nation’s member states adopted the Sustainable Development Goals 2030 to
end extreme poverty as one of 17 goals in September 2015. It has agenda of ending poverty in all its
forms everywhere is the greatest global challenge facing the world today and an indispensable
requirement for sustainable development.
As poverty is not personal issue but it is the problem of whole world. I would like to suggest some factors
which would be helpful in our journey to reduce poverty. We have to take necessary steps to reduce the
population in our world, as natural resources don’t increase according to the population which is
increasing at a high speed. We have to take necessary steps to develop health and education sectors in
developing countries is a good way to reduce poverty. If literacy rate will increase in those countries then
it would help to get employed and poverty rate would be decrease.

Isha Bhardwaj (Internship Trainee)

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