Low levels of poverty, despite the global economic downturn

4/10/2016 0:00

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BAGHDAD - A follow-up Shokran Fatlawi

A new World Bank study on poverty and shared prosperity confirmed that extreme poverty in the world continues to decline, despite the state of hibernation in which the global economy has entered, the study warned that despite the expected growth trends, the reduction of non-high inequality rates may be a necessary component to reach to the global goal of ending extreme poverty by the year 2030.

Reducing poverty levels

Economist Basil Jamil Antoine spoke of the "morning" on the reduction of poverty levels and promote prosperity, saying: "Unemployment is the first episode in succession and the basis of poverty, the greater the unemployment increased poverty."

He pointed to the need to create jobs in the various productive sectors to get rid of unemployment which is one of the most important economic and social problems.

Promote common prosperity

And ensure that the first issue of a series of anti-poverty and promote new common prosperity, prepared by the World Bank concerned the registration of the latest and most accurate estimates and trends in the field of poverty and shared prosperity globally every year, that the year 2013 saw nearly 800 million people living on less than $ 1.90 a day, this number is less than the number of those who live in extreme poverty in 2012 by almost 100 million.

And check the progress in the fight against extreme poverty, mainly the efforts of East Asia and the Pacific region, especially China, Indonesia and India. The half-lives of people living in extreme poverty in sub-Saharan Africa, there is another third live in South Asia.

In the 60 countries of the 83 countries covered by the new report for 2016 on track common prosperity, the average income of people living in the lower rate of 40 percent in their respective countries in the period between 2008 and 2013 rose despite the financial crisis. And most importantly, that these countries represent 67 percent of the world's population.


In this regard, World Bank Group President Jim Yong Kim said: "It is striking that these countries continued to reduce poverty and promote common prosperity at a time when the global economy is suffering from the decline Aloda- but still a very large number of people living very few resources."

He added: "Unless we can continue global growth and the reduction of inequality, we thus risk losing the target level of the World Bank aimed at reducing extreme poverty by 2030".

He said the message is clear: to end poverty, we need growth directed towards the most categories Vaqra- It is more guaranteed ways to do this to reduce inequality, especially in countries with a large number of poor people.

High-impact strategies

Through the study of a group of countries including Brazil, Cambodia, Mali, Peru, Tanzania, which significantly reduced the levels of inequality in recent years and by eating a wide range of evidence available, select bank researchers following six strategies of high impact: It is proven policies poor construction revenues, and improve their access to basic services, and improve the prospects for long-term development for them, without damaging growth. These policies work best when combined with strong economic growth and good management of college and labor markets work well and create jobs and enable the poorest to take advantage of those opportunities.