Who said poverty anywhere is a threat to prosperity everywhere?
Answers
This article is based on the ILO Declaration of Philadelphia, 1944 which declared that “Poverty anywhere is a threat to prosperity everywhere.”
This statement intends to announce serious implications of poverty which is all across the world and its presence in any corner of the world can have an influence on the other corners also. If we look around us we will discover that all across the globe policymakers have emphasized on eradicating poverty in all its forms, so that the advantages of commercial growth and prosperity can spread to every household.
In 1944, the ILO Declaration of Philadelphia stated this verse, “poverty anywhere is a threat to prosperity everywhere”.
According to this, the global stability can be achieved with the policies.
The sector of financial and GOI much look into the matters to endeavoured to tackle the poverty situation and gain maximum benefits.