Answer the following in one sentence
(Q) Define Global Poverty Ratio ?
Answers
Answer:
Poverty is most commonly defined by economic standards, based on income levels and access to basic human necessities, such as food, water, and shelter. ... The internationally agreed-upon measurement of extreme poverty currently lies at $1.25 a day, with the next lowest measure of poverty standing at $2 per day.
Explanation:
What is Global Poverty?
Global poverty is defined as the number of people worldwide who live on less than $1.90 a day.
A person surviving on less than $1.90 a day lives in extreme poverty, as defined by the World Bank. More than 736 million people – or one out of every ten people on the planet – currently live below this poverty threshhold,1 and children, a highly vulnerable segment of society, account for more than half of the world’s poorest citizens.
The Story We Tell About Global Poverty
It’s normal to look at a huge problem like global poverty and feel overwhelmed. So many people with so much against them, and when disaster strikes, whether it be an earthquake, a hurricane, or a global pandemic like COVID-19, the world's poor suffer the most. But the way we tell the story of poverty in the world (i.e., what contributes to disparities in income and opportunity and gender inequality, and how we can reduce the number of people trapped below the global poverty line) matters a lot. In the process of measuring poverty and evaluating what causes poverty, it's clear that there are effective ways to make a difference in the fight to end extreme poverty.
Comprehensive and Holistic Measures are Needed to Reduce the Global Poverty Rate
Problems, particularly big ones, don’t usually come out of nowhere. They build over time.
Similarly, problems aren’t usually solved in a single day or a single conversation. They take time and perseverance. It often takes a series of decisions and actions, made consistently, day after day over the long term for progress to be made. That's why our approach to fighting poverty is built on holistic whole-life care.
Reducing the number of poor people currently in the world as well as the rate at which people slide into poverty requires a comprehensive and holistic approach to conquering the problem, which is why our holistic child development model delivers comprehensive care to children in poverty.
How Does Globalization Affect Poverty Rates?
Globalization refers to the integration of economies and societies around the world. The connectedness inherent in globalization helps drive economic growth but also exposes and exacerbates inequalities in society. And from a health perspective globalization can play a significant role in the spread of infectious diseases such influenza, Ebola, and coronaviruses like SARS, MERS and COVID-19.
Globalization is not inherently good or bad. Like any system, how it is applied and the way it is used is what matters.
For example, when women in a village in Africa make jewelry from local materials, and a fair trade company works with a global shipping company to transport that jewelry to other countries where it’s sold, that supply chain gives the poor access to the global market, and is a tool for economic growth.