Post by account_disabled on Feb 18, 2024 0:56:36 GMT -5
The end of extreme poverty could be eradicated by 2050, driven by economic growth in low-income countries, according to a new economic forecast from the Center for Global Development (CGD), despite the challenges brought on by the coronavirus pandemic. COVID-19.
The eradication of extreme poverty Middle East Mobile Number List for all people everywhere has been a fundamental objective of the 2030 Agenda for sustainable development . This becomes even more relevant as the world faces the climate challenge of limiting the planet's temperature to less than 1.5°C, according to The Guardian .
Measuring progress towards the Sustainable Development Goals
The United Nations Sustainable Development Goals (SDGs) are global goals adopted in September 2015, which must be achieved by 2030. All countries in the world have agreed to work together to achieve these goals. There are 17 SDGs that integrate a comprehensive, indivisible vision and renewed international collaboration, which together build a path towards a sustainable future.
Within the SDGs, goal No. 1: End of poverty, seeks to eradicate poverty in all its forms. Poverty reflects a person's inability to achieve an adequate level of well-being, in terms that may include food, clothing, transportation, public services, health, wealth, or even recreation.
However, the CGD report: Future Global Growth Scenarios to 2050 (2023) shows a degree of optimism by indicating that, after the pandemic, higher economic growth is expected that could translate into jobs and wages, and low-income countries and middle incomes could see improvements. "We know the world will be very different in 2050, and climate change is a major concern for the future," said Charles Kenny, senior researcher at CGD and one of the report's authors.
But these facts should not overshadow continued economic growth, which has been the reality for much of humanity throughout history, Kenny points out. Furthermore, he added that although inequality is likely to persist and poverty will continue to exist, greater economic growth should translate into better jobs for people in developing countries.
In 2050 no country will be poor?
Kenny, author of the book "Getting Better: Why Global Development is Succeeding," said he and Zack Gehan, who worked with him on the paper, took historical data on income, demographic changes, education and temperature to forecast the future shape of the economy. economy of the world.
Their prediction calls for the global extreme poverty rate, which is defined as living on less than $2.15 a day, to fall below 2% by 2050. This would be a significant decline compared to about 8% in estimated extreme poverty in the year 2022. In the case of Africa, where the extreme poverty rate is highest, it is also expected to decrease considerably. The extreme poverty rate in Africa is forecast to fall from 29% today to 7% by 2050.
Contrary to expectations, the study's authors predicted much slower growth in high-income countries over the next two decades, with GDP per capita increasing by only about 20% from 2019, while doubling in countries low and middle income.
Rathin Roy, executive director of the global affairs think tank the Human Development Index (HDI), formerly known as the Overseas Development Institute, said Kenny's predictions were possible "if everyone does what correct".
Prioritize developing communities
Roy also emphasized the importance of caring for and protecting less fortunate countries. Since the fact that poverty still persists in countries like the UK and the US shows that it will take more than just economic growth.
The eradication of extreme poverty Middle East Mobile Number List for all people everywhere has been a fundamental objective of the 2030 Agenda for sustainable development . This becomes even more relevant as the world faces the climate challenge of limiting the planet's temperature to less than 1.5°C, according to The Guardian .
Measuring progress towards the Sustainable Development Goals
The United Nations Sustainable Development Goals (SDGs) are global goals adopted in September 2015, which must be achieved by 2030. All countries in the world have agreed to work together to achieve these goals. There are 17 SDGs that integrate a comprehensive, indivisible vision and renewed international collaboration, which together build a path towards a sustainable future.
Within the SDGs, goal No. 1: End of poverty, seeks to eradicate poverty in all its forms. Poverty reflects a person's inability to achieve an adequate level of well-being, in terms that may include food, clothing, transportation, public services, health, wealth, or even recreation.
However, the CGD report: Future Global Growth Scenarios to 2050 (2023) shows a degree of optimism by indicating that, after the pandemic, higher economic growth is expected that could translate into jobs and wages, and low-income countries and middle incomes could see improvements. "We know the world will be very different in 2050, and climate change is a major concern for the future," said Charles Kenny, senior researcher at CGD and one of the report's authors.
But these facts should not overshadow continued economic growth, which has been the reality for much of humanity throughout history, Kenny points out. Furthermore, he added that although inequality is likely to persist and poverty will continue to exist, greater economic growth should translate into better jobs for people in developing countries.
In 2050 no country will be poor?
Kenny, author of the book "Getting Better: Why Global Development is Succeeding," said he and Zack Gehan, who worked with him on the paper, took historical data on income, demographic changes, education and temperature to forecast the future shape of the economy. economy of the world.
Their prediction calls for the global extreme poverty rate, which is defined as living on less than $2.15 a day, to fall below 2% by 2050. This would be a significant decline compared to about 8% in estimated extreme poverty in the year 2022. In the case of Africa, where the extreme poverty rate is highest, it is also expected to decrease considerably. The extreme poverty rate in Africa is forecast to fall from 29% today to 7% by 2050.
Contrary to expectations, the study's authors predicted much slower growth in high-income countries over the next two decades, with GDP per capita increasing by only about 20% from 2019, while doubling in countries low and middle income.
Rathin Roy, executive director of the global affairs think tank the Human Development Index (HDI), formerly known as the Overseas Development Institute, said Kenny's predictions were possible "if everyone does what correct".
Prioritize developing communities
Roy also emphasized the importance of caring for and protecting less fortunate countries. Since the fact that poverty still persists in countries like the UK and the US shows that it will take more than just economic growth.