Poverty : Poverty And Poverty

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Poverty’s economic definition is the state of being poor - having less economic materials or no money necessary for daily survival. Poverty as no borders and every responsible citizen should be concerned about poverty since nearly half of the world’s population lives on less than $2.50 USD per day and more than 1.3 billion people live in extremely poverty, making less than $1.25 per day. A majority of the world’s population lack access to clean water, adequate health care and education. UNICEF reported that 22,000 children die every day due to poverty while over 1 billion children live in poverty. More than 80 percent of the world’s population lives on less than $10 per day (Shah). Income inequality continues to widening. The wealthiest 20 percent of the world’s population controls three-quarters of the world income while the bottom 40 percent of the world’s population are barely surviving on just five percent of global income (Shah). Historically, poverty has been associated with African, Latin American, Mexico, Middle Eastern, Caribbean and Asian countries. However, there is widespread poverty in the most advanced or developed countries. According to the U.S. Census Bureau, nearly 15 percent of the U.S. population currently lives in poverty (https://www.census.gov). The percentage of people living in poverty in the G-8 countries is as follows: Canada, 9.4%; France, 7.9%; Russia, 11%; Germany 15.%; Japan, 16%; United Kingdom, 16.2%; and Italia, 29.9% (https://www.cia.gov/library/publications/the-world-factbook/fields/2046.html). These powerful countries have amassed a significant amount of wealth and built progressive societies yet they struggle to feed their own citizens. There are several factors that have contributed to th... ... middle of paper ... ...er, they need to invest in infrastructure, education, health, functional private and public institutions while creating a platform for growth and development of their citizens. No country or people could emerge out of poverty without investing in the betterment of children. The international community needs to work together and collectively to eradicate poverty amongst children because healthy and educated children will make productive and contributing members of society. Governments in poor and industrialized countries alike need to ensure that employers pay competitive and equal wage to all employees. Finally, international lending institutions such as IMF and the World Bank should reduce or completely eliminate the debts of countries experiencing extremely poverty so these countries could invest in social and economic programs that could generate jobs at home.

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