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Global Economy

The United Nations created the Millennium Development Goals in the 1990s to address issues like poverty, education, gender equality, health, and the environment. The goals aimed to eradicate extreme poverty, defined as living on less than $1.25 per day, by 2030. While over 1 billion people have been lifted out of extreme poverty since 1990 according to UN data, 400 million people are still estimated to live in extreme poverty by 2030. Economic globalization and free trade have been the largest contributors to reducing extreme poverty by driving growth in developing economies.

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John Lois Van
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18 views

Global Economy

The United Nations created the Millennium Development Goals in the 1990s to address issues like poverty, education, gender equality, health, and the environment. The goals aimed to eradicate extreme poverty, defined as living on less than $1.25 per day, by 2030. While over 1 billion people have been lifted out of extreme poverty since 1990 according to UN data, 400 million people are still estimated to live in extreme poverty by 2030. Economic globalization and free trade have been the largest contributors to reducing extreme poverty by driving growth in developing economies.

Uploaded by

John Lois Van
Copyright
© © All Rights Reserved
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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The
Global Economy
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The united Nations (UN) tried to address the different problems in the
world. Their efforts were guided by the Millennium Development Goals,
which they created in the 1990s. These are the following eight goals:
1. The eradication of extreme poverty and hunger

2. Achieving universal primary education

3. Promoting gender equality and women empowerment

4. Reducing child mortality

5. Improving maternal health

6. Combating diseases like HIV/AIDS and malaria

7. Ensuring environmental sustainability

8. Having a global partnership for development


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 In the Philippines, a person is officialy living inn poverty if he makes les than
100, 534 pesos a year, around 275 pesos a day. This is called the poverty
line or poverty threshold.
 Extreme poverty – according to the UN (2015), is a condition
characterized by a severe deprivation of basic human needs including food,
safe drinking water, sanitation facilities, health, shelter, education, and
information.
 The UN defines extreme or absolute poverty as living on less than $1.25
a day.
 The organization aims to eliminate poverty for all people by 2030
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 The UN (2015) reported that 836 million people still live in extreme poverty
but that is down from 1.9 billion, so there is success or at least a lot of
progress.
 The World bank predicted that by 2030 the number of people living in
extreme poverty could drop to less than 400 million.
 Most people who have been lifted out of extreme poverty are till poor and
being poor comes with serius problems, from disease to lack of water.
 Income inequality is rampant and one in seven people still live without
electricity.
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So why is extreme poverty falling?

 A set of factors like better access to education, humanitarian aid, and the policies
of international organizations like the UN have made a difference.

 However, the greatest contributor is economic globalization. The world’s


economies have become more interconnected and free trade has driven the
growth of many developing economies.
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Economic Globalization and Global Trade
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