Poverty Eradication And Inequality Goes Parallel: Experts

Poverty entails a shortage of income and productive resources to make sure sustainable livelihoods. Its manifestations include hunger and malnutrition, limited access to education and other basic services, social discrimination and exclusion moreover because of the lack of participation in decision-making. If we talk about the social groups, various social groups bear a disproportionate burden of poverty.

Coronavirus pandemic could plunge 1.1 billion people into extreme poverty globally - BusinessTodayThe World Social Summit identified poverty eradication as an ethical, social, political and economic imperative of mankind and called on governments to handle the foundation causes of poverty, provide for basic needs for all and make sure that the poor have access to productive resources, including credit, education and training.

Recognizing insufficient and insignificant progress within the poverty reduction programs, the 24th session of the overall Assembly dedicated to the review of the Copenhagen commitments, decided to line up targets to cut back the proportion of individuals living in extreme poverty by one-half by 2015. As far as the target is concerned, this target has been endorsed by the Millennium Summit as Millennium Development Goal 1.

Poverty eradication must be mainstreamed into the national policies and actions in accordance with the internationally agreed development goals forming a part of the broad United Nations Development Agenda, forged at UN conferences and summits within the economic, social and related fields.

The Second international organization Decade for the Eradication of Poverty (2008-2017), proclaimed by the overall Assembly in December 2007 aims at supporting such a broad framework for poverty eradication, emphasizing the necessity to strengthen the leadership role of the UN in promoting international cooperation for development, critical for the eradication of poverty.

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End poverty altogether and its forms everywhere social perspective on development requires addressing poverty completely and its dimensions. It tends to promote a people-centered approach to poverty eradication along with advocating the empowerment of individuals living in poverty through their full participation altogether aspects of political, economic, and social life, especially within the design and implementation of policies that affect the poorest and most vulnerable groups of society whose interest are always at stake.

An integrated and coordinated strategy toward poverty eradication necessitates implementing policies geared to a more equitable distribution of wealth and income and social protection coverage.

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A social perspective on poverty should contribute to the talk on the effectiveness and limitations of current poverty reduction strategies. When it comes to Poverty analysis from a social perspective, it requires a thorough examination of the impact of economic and social policies on the poor and other vulnerable social groups.

Poverty and Social Impact Analysis (PSIA) is a tool to assess both the economic and social impact of reforms on different social and income groups. Properly conducted PSIA contributes to the national debate on policy options and helps to market national ownership of development strategies