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Global Poverty

In: Business and Management

Submitted By memphistigers13
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Global poverty and inequality are problems that affect a large portion of the world’s population. In fact, over half of the world’s population has an income below America’s official poverty standard. To understand this massive gap, one must realize that global poverty is very different from U.S. domestic poverty. The United Nations set a goal to cut global poverty rates in half in 2015. In order for this to occur, nations must reduce extreme poverty through low-income nations having faster GDP growth. This gives greater priority to eliminating the structural, cultural, and legal “inequality traps” that both impede upward mobility for the poor and inhibit economic development. Due to the increasing views on global poverty, there has been a big push regarding ways to alleviate this problem. The main sources to alleviating global poverty are medical assistance, direct aid, education, family planning, and government reform. In society, there are many different effects when it comes to poverty and discrimination. To begin to understand how to alleviate the problem of global poverty, one must understand the effects of poverty and the impact of where one is brought up. Where you grow up and who you grow up around are two of the major elements of poverty and are known as neighborhood effects. The definition of neighborhood effect is the effect of the neighborhood you grew up in on your adult outcomes. One program that the U. S. Department of Housing and Urban Development came up with the combat poverty and discrimination is Moving to Opportunity for Fair Housing Demonstration Program or (MTO). This program was a major randomized housing mobility experiment which provided 4,600 low-income families with children living in public housing within disadvantaged neighborhoods the chance to move to private-market housing in much less distressed communities. The program continued…...

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