Absolute Poverty In The World

Poverty in the simplest definition is the lack of household income or the state of one who lacks a certain amount of material possessions or money. Nowadays the poverty reduction became a major issue for the world many international organizations such as the United Nations and the World Bank. The World Bank estimated 1.29 billion people were living in absolute poverty in 2008. According to the World Bank definition, absolute poverty is a condition characterized by severe deprivation of basic human needs, including food, safe drinking water, sanitation facilities, education and others. In our days there is the issue which is regarded to an international priority that says hunger and food insecurity are the most serious forms of absolute poverty

Only five nations: Norway, Sweden, Luxembourg, Denmark, and Netherlands have reached the UN target of 0.7 percent of GNI.

The effectiveness of providing economical resources in order to reduce poverty and achieve other related developmental results in less-developed countries have been questioned for many decades, because there is a notion that this type of aid is not effective enough, even later it can have a negative effects on developing countries. For example, Norway is on paper the world’s most generous nation, sacrificing 1% of GDP for aid, however, this country imposes high taxes on agricultural imports, making it less profitable for less-developed nations to sell their own goods to

Between 2000 and 2010, 4 million people were provided with AIDS (Acquired immune deficiency syndrome) (Global Fund Aids Tuberculosis and Malaria (2012).

Greening the farm lands and improving agriculture of developing countries could also be one of the effective ways to increase food availability and water efficiency, reduce hunger and at the same time lay a foundation between local farmers and international experience. Studies have shown that for every 10% increase in farming, there has been a 7% reduction in poverty in Africa and more than 5% in Asia (Jules Pretty, 2006). Increase in employment opportunities and labor productivity can definitely lead to the economic growth of the country. Economic growth alleviates the poverty with productivity increases of workers, either in their current occupation, or in new jobs or opportunities for self-employment. Most countries that have shown high rates of persistent and strong economic growth take advantage from the creation of jobs and rising the productivity. For instance, Vietnam during 1990s has experienced the average annual employment growth rate for approximately 2.7%, whereas labor productivity has risen for 4.8% (Packard,