Economic Development News & Insight


Defeating poverty one cent at a time

Laura Fuller / January 12, 2017

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Defeating poverty one cent at a time


The Numbers

Ever since the United Nations set a goal to end extreme global poverty by 2030, the world has been improving bit by bit. As of 2015, the UN announced that its half way to eradicating poverty.

In 2015, the United Nations published its Millennium Development Goals Report (MDG), which detailed the current status of global poverty. The report reveals that over the past 25 years, poverty has plunged from over 30% of the world living off of $1.90 per day to only 9% of the population living off of that amount. The report also highlights various aspects of global poverty that are improving, such as clean drinking water, increased internet availability, and the reversal of diseases and infections such as HIV and AIDS.

What Does This Mean?

Although there’s still a lot of work to be done, the drastic decline of extreme poverty shows an optimistic future where more people are paid fairly. Ending extreme poverty in developing nations is a massive task that the UN has taken on, but as the organization has achieved such a high success rate at the half-way point, it is likely that poverty will continue to notably decrease in the coming years.

Media is playing a large role in helping to decrease poverty. With the spread of technology and interconnectedness through the world, global issues are made more readily accessible to people with resources to help those living in poverty. Media outlets, specifically social media platforms, create an open, non-violent space for discussion about important issues like global inequalities. Additionally, technological advancements allow for job opportunities to be created in communities, whether they’re urban or rural. With donations from privileged individuals and organizations, as well as the creation of jobs with more reasonable pay, worldwide poverty is slowly but surely declining.

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