Giving Compass’ Take:
· Although the global poverty rate has lowered dramatically since 1990, Global Citizen explains that these numbers are unlikely to keep declining at such a rapid rate and foreign aid is still needed to continue making a difference.
· What is the best way to tackle extreme global poverty? What is being done now to help reduce extreme global poverty?
· Here’s an article about rethinking extreme global poverty reduction in 2019.
The world has made great progress in eradicating global poverty over the past few decades, but that progress has not been equally felt.
The good news: The global poverty rate has been cut by more than half since 1990, dropping from nearly 36% to 10% in 2015, according to the World Bank.
The bad news: Poverty levels are unlikely to continue dropping at such rapid rates going forward unless foreign aid strategies change, experts say.
Persistent misconceptions about poverty and how to best tackle it are getting in the way of successfully addressing the problem, a paper published in the Journal of Economic Perspectives in November argues.
The paper points out that much of the progress in poverty eradication made since the 1980s has relied on two approaches: fostering economic growth and redistributing resources to people living in poverty (through the state or foreign aid).
Read the full article about extreme poverty by Daniele Selby and Erica Sanchez at Global Citizen.
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