World Bank Poverty

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The World Bank defines poverty in many different ways. The first is called economic poverty, and is defined, “when a family’s income fails to meet a federally established threshold that differs across countries. Usually, this is calculated by how much one family makes, not an individual basis, and can be adjusted based on the number of family members.
The next category of poverty is known as absolute poverty, which measures “poverty in relation to the amount of money necessary to meet basic needs such as food, clothing, and shelter.” This concept does not focus on the social inequalities between the rich and the poor of with the general quality of life. Relative poverty is defined by the “poverty in relation to the economic status of other
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The United Nations has listed extreme hunger and the eradication of poverty as one of the main priorities of the Millennium Development Goals. The main reason that extreme poverty exists is because many underdeveloped nations lack the resources and the infrastructure to aid their people. Most countries don’t have the means to access services such as medical aid or education and so the government and people have no way of digging themselves out of this hole that they have created for themselves. Widespread poverty exists throughout the world primarily in Asia and Africa. Drought, disease, famine, and food shortages contribute to the extreme hunger in these …show more content…
The Bank Group also raised 22.2 million dollars in 2014 and tried to promote economic growth in third world countries. UNICEF responded to world poverty and hunger by building facilities for around 270 million children who do not have access to proper medical services. Improving the health of these children will allow them to become healthy and nourished, thus allowing them to break the cycle of poverty. UNICEF also encourages young girls to go to school. About 13 percent of girls between the ages of 13-17 in third world countries have never even gone to a proper school. UNICEF believes that, “education is perhaps a child’s strongest barrier against poverty, especially for girls. Educated girls are likely to marry later and have healthier

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