Goal 1: No Poverty

Definition

Goal 1: No Poverty aims to eradicate extreme poverty for all people everywhere, currently measured as individuals living on less than $1.90 a day. This goal recognizes the multifaceted nature of poverty, encompassing not just a lack of income but also insufficient access to essential services like education, health care, and basic infrastructure, which are crucial for improving living conditions. Achieving this goal is integral to sustainable development and is connected to broader social and economic development efforts globally.

5 Must Know Facts For Your Next Test

1. Over 700 million people still live on less than $1.90 a day, which highlights the urgent need for targeted poverty alleviation strategies.
2. Poverty affects more than just income; it also impacts education, health outcomes, and overall well-being, making it a complex issue that requires holistic solutions.
3. Women and children are disproportionately affected by poverty, with more than 50% of those living in extreme poverty being women.
4. Access to quality education and healthcare is critical for breaking the cycle of poverty, as it empowers individuals to improve their economic situation.
5. Business contributions towards achieving Goal 1 include job creation, ethical sourcing, and investments in community development programs that promote sustainable livelihoods.

Review Questions

• How does Goal 1: No Poverty connect to the broader framework of Sustainable Development Goals?
  • Goal 1: No Poverty is part of the Sustainable Development Goals (SDGs), which consist of 17 interlinked global goals aimed at creating a better world by 2030. Each goal addresses specific challenges such as inequality, environmental sustainability, and economic growth. By working towards eradicating poverty, this goal supports the achievement of other goals related to education, health, and economic development since poverty often hinders progress in these areas.
• What role do businesses play in supporting Goal 1: No Poverty, and why is their involvement essential?
  • Businesses play a critical role in supporting Goal 1: No Poverty through initiatives such as job creation, responsible supply chain practices, and community investments. By providing employment opportunities and fair wages, businesses can help lift individuals out of poverty. Additionally, businesses that prioritize ethical practices contribute to sustainable economic growth in communities. Their involvement is essential because they can drive innovation and create scalable solutions that address the root causes of poverty.
• Evaluate the long-term impacts of failing to achieve Goal 1: No Poverty on global economic stability and social equity.
  • Failing to achieve Goal 1: No Poverty can have severe long-term consequences on global economic stability and social equity. High levels of poverty can lead to increased social unrest, crime rates, and health issues that strain public resources. Economically, a large segment of the population living in poverty hinders overall productivity and consumer spending, creating a cycle of stagnation that affects growth. Furthermore, persistent poverty exacerbates inequality, leading to a fragmented society where opportunities are limited for marginalized groups, making it increasingly difficult to build inclusive economies.

Related terms

Sustainable Development Goals (SDGs): A universal call to action adopted by all United Nations Member States to end poverty, protect the planet, and ensure prosperity for all by 2030.

Income Inequality: The unequal distribution of income within a population, which can exacerbate poverty and limit opportunities for certain groups.

Social Safety Nets: Programs designed to provide financial support and services to vulnerable populations, helping to alleviate poverty and improve economic stability.