Goal 1: No Poverty

Definition

Goal 1: No Poverty aims to eradicate extreme poverty for all people everywhere by 2030. This goal emphasizes the importance of ensuring that everyone has access to basic needs like food, shelter, and healthcare, as well as promoting economic growth that benefits all segments of society. It also highlights the need for social protection systems and equal access to resources, which are crucial for uplifting communities and improving living standards globally.

5 Must Know Facts For Your Next Test

1. As of 2021, around 689 million people lived in extreme poverty globally, which is about 9.2% of the world's population.
2. The COVID-19 pandemic has led to an increase in poverty levels, reversing years of progress made toward poverty reduction.
3. Goal 1 emphasizes not only the eradication of extreme poverty but also aims to reduce the number of people living in all forms of poverty.
4. Achieving this goal requires international cooperation and support, particularly in developing countries where poverty rates are highest.
5. Investments in education, healthcare, and infrastructure are essential strategies for alleviating poverty and fostering sustainable development.

Review Questions

• How does Goal 1: No Poverty relate to the broader concept of sustainable development?
  • Goal 1: No Poverty is intrinsically linked to sustainable development because it addresses the fundamental need for all individuals to have access to basic resources. Sustainable development emphasizes meeting the needs of the present without compromising future generations, which includes lifting people out of poverty. By eradicating poverty, we can create a foundation for sustainable economic growth and improved living conditions that benefit not just individuals but communities as a whole.
• Discuss the impact of global events like the COVID-19 pandemic on progress toward achieving Goal 1: No Poverty.
  • The COVID-19 pandemic has had a significant impact on progress toward achieving Goal 1: No Poverty by increasing global poverty rates for the first time in decades. Lockdowns, job losses, and disruptions in supply chains have pushed many families into extreme poverty. The pandemic highlighted vulnerabilities in social protection systems worldwide, emphasizing the need for resilient policies that can better withstand such crises and protect vulnerable populations from falling back into poverty.
• Evaluate the effectiveness of social protection programs in reducing poverty and advancing Goal 1: No Poverty.
  • Social protection programs have proven to be effective tools in reducing poverty and advancing Goal 1: No Poverty by providing financial assistance, healthcare access, and support services to those in need. Evaluating their effectiveness involves analyzing how well these programs reach intended beneficiaries and improve their living conditions over time. Successful examples demonstrate that when adequately funded and managed, social protection can lead to sustainable improvements in quality of life, increased access to education and employment opportunities, and ultimately contribute to long-term economic growth and stability.

Related terms

Extreme Poverty: Living on less than $1.90 a day, which is the international poverty line established by the World Bank.

Social Protection: Policies and programs designed to reduce poverty and vulnerability by promoting efficient labor markets, diminishing people's exposure to risks, and enhancing their capacity to manage economic and social risks.

Sustainable Economic Growth: Economic growth that is achieved without compromising the ability of future generations to meet their own needs, often involving practices that protect the environment and promote social equity.