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Global poverty

TagLast edit: 10 Jun 2021 14:16 UTC by Pablo

Global poverty is the worldwide lack of material possessions or income to satisfy basic human needs.

Poverty is a multidimensional concept, incorporating a number of different factors which impact the lives of the poor. The World Bank uses an international poverty line of $1.90 a day (adjusted for local purchasing power), and estimates that, in 2013, 10.7% of the world’s population lived below this line (World Bank 2016). Lack of economic resources has direct consequences on many other aspects of life, including food security and access to healthcare and water services.

Cash transfers and deworming programs are generally regarded as highly cost-effective interventions for reducing extreme poverty.

Bibliography

Ravallion, Martin (2016) The Economics of Poverty: History, Measurement, and Policy, Oxford: Oxford University Press

World Bank (2016) Poverty and Shared Prosperity 2016: Taking on Inequality, Washington: World Bank.

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