Goal 1: No Poverty

Definition

Goal 1: No Poverty aims to eradicate extreme poverty globally by ensuring that all individuals have access to basic needs such as food, shelter, and healthcare. This goal recognizes poverty as a multidimensional issue, influenced by economic, social, and environmental factors, and emphasizes the importance of sustainable development in lifting people out of poverty.

5 Must Know Facts For Your Next Test

1. About 9.2% of the world's population lives in extreme poverty, a significant challenge that Goal 1 aims to address by 2030.
2. The COVID-19 pandemic has reversed years of progress in reducing poverty, pushing millions back into extreme poverty due to economic disruptions.
3. Achieving Goal 1 requires collaboration among governments, private sectors, and communities to create inclusive policies that ensure economic opportunities for all.
4. Investment in education and healthcare is crucial in breaking the cycle of poverty and providing individuals with the tools they need to improve their economic status.
5. Addressing issues like climate change and inequality is essential for sustaining progress toward eliminating poverty in vulnerable populations worldwide.

Review Questions

• How does Goal 1: No Poverty connect to sustainable development initiatives in various countries?
  • Goal 1: No Poverty is closely linked to sustainable development initiatives as it highlights the need for comprehensive strategies that address not just economic growth but also social equity. By promoting inclusive economic policies, governments can help create job opportunities and improve access to basic services. Sustainable development initiatives often focus on improving education and healthcare, which are critical for empowering individuals and communities to lift themselves out of poverty.
• What are some effective strategies that governments can implement to achieve Goal 1: No Poverty, considering recent global challenges?
  • Governments can achieve Goal 1: No Poverty by implementing effective social protection systems that provide support during crises, such as cash transfers or food assistance programs. Investing in education and vocational training is also key, helping individuals gain skills that lead to better employment opportunities. Moreover, promoting entrepreneurship through access to microfinance can empower marginalized populations and stimulate local economies.
• Evaluate the impact of global events, such as the COVID-19 pandemic, on the progress towards achieving Goal 1: No Poverty and suggest measures to counter these setbacks.
  • The COVID-19 pandemic has significantly impacted progress towards Goal 1: No Poverty by increasing the number of people living in extreme poverty due to job losses and economic instability. This setback underscores the need for robust safety nets and responsive policies that can adapt during crises. Measures such as strengthening healthcare systems, enhancing social protection programs, and fostering resilience in local economies can help counter these challenges and guide efforts toward reducing poverty effectively.

Related terms

Extreme Poverty: Living on less than $1.90 a day, which significantly limits access to basic human needs and services.

Sustainable Development: Development that meets the needs of the present without compromising the ability of future generations to meet their own needs, often linked to economic growth and environmental protection.

Social Protection Systems: 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.