Poverty and Inequality are universal.
Over a Billion people are lifted out of poverty, " but almost 10% of human race are still living in unbelievably harsh lives" (extreme poverty). Meaning a high level of inequality, is largely determined by their circumstances at birth, and these high level of inequality works against better opportunities for all: opportunities that could change the world.
In 2018, 55% of the world's population have no access to at least one monetary reward for social security. Two areas refer to the majority of people living below the poverty line: Southern Asia and sub-Saharan Africa. High poverty rates are mostly found in countries that are fragile, and conflict-affected.
Ending poverty in all its forms is the first of the 17 Sustainable Development Goals (SDGs) of the 2030 Agenda for Sustainable Development: “Ensure significant mobilization of resources from a variety of sources, including through enhanced development cooperation, in order to provide adequate and predictable means for developing countries, in particular least developed countries, to implement programmes and policies to end poverty in all its dimensions.”
The latest goal is to see no more than 3% of the people of the planet live on just $1.90 a day by 2030. By assessing poverty, we discover which methods succeed for poverty reduction, and which ones do not. Poverty assessment also allows developed countries to assess the success of the initiative and direct their policy for growth in a rapidly evolving economic climate. Meeting this ambitious development agenda requires visionary policies for sustainable, inclusive, sustained and equitable economic growth, supported by full employment and decent work for all, social integration, declining inequality, rising productivity and a favorable environment.
