Topic > Poverty Essay - 2978

More than $3 billion of people in the world, or nearly half the world's population, live on less than $2.50 a day, and more than $1.3 billion live in conditions of extreme poverty, i.e. less than 1.25 dollars a day. (Unicef ​​2013). One third of deaths each year are caused by poverty. It is estimated that 600 million children live in absolute poverty, every year more than 10 million innocent children die of hunger and PREVENTABLE diseases, such as diarrhea, pneumonia and malaria, 19 million children worldwide remain unvaccinated, even a simple network it would prevent malaria. During 2011, 165 million children under 5 were stunted (reduced rate of growth and development) due to chronic malnutrition, and 870 million people worldwide do not have enough food. Every year more than half a million women die during pregnancy or childbirth… one death every minute. Why do we have cases of poverty in 2014? “Overcoming poverty is not a task of charity, it is an act of justice. Like slavery and apartheid, poverty is not natural. It is the work of man and can be overcome and eradicated by the actions of human beings.” Mandela (2005). It is heartbreaking that today there are children dying of hunger and easily preventable diseases. Poverty reduction is one of the most dominant themes in current studies, policy formulation and international debate on economic development. A sign of this importance is demonstrated by the fact that the first objective of the Millennium Development Goals (MDGs) is to reduce by half, by 2015, the number of people living on less than 1 dollar a day. In relation to this thesis, the role of economic growth in the economy in poverty reduction is of great importance. Substantial and lasting reductions, if not the complete elimination of poverty, have been and will continue to be...... middle of paper ...... and when calculating the income elasticity of poverty but According to Heltberg, (2002) in In many cases, growth is more important for poverty reduction than changes in inequality, but this does not label inequality as unimportant Heltberg (2002). Heltberg and Ravillion (2002) find that growth does not alter inequality. Inequality can be held constant as ram do ram (2006,2011,2013) or the Gini coefficient can be added to the regression as observed in the study of Adams (2004), where the elasticity of poverty growth in developing countries is calculated as -2.79. , a decrease in the percentage of the population living in poverty to 2.79% for every 1% growth, which is based on consumption rather than income. Regression is used when the rate of poverty reduction(p) is regressed on the growth rate of GDP per capita and the rate of income inequality (Gini coefficient).