5 ways to reduce poverty
Poverty reduction examples.
The Millennium Development Goal to cut the poverty rate in half by 2015 was met in 2010 – five years ahead of schedule.
What is poverty
While progress has been made, global growth estimates show more work is needed to reach the target of ending global poverty by 2030. Discussed below are the top 10 ways to reduce poverty in the world.
Effective 10 Ways to Reduce Poverty in the World
- Develop and implement rapid and sustained economic growth policies and programs, in areas such as health, education, nutrition and sanitation, allowing the poor to participate and contribute to the growth.
Studies show that a 10 percent increase in a country’s average income reduces poverty by as much as 20-30 percent.
- Improve management of water and other natural resources. Most of the rural poor depend on agriculture or other natural resources for their livelihood.
Consequently, it is necessary that they have more equitable access to those resources so they are better able to manage their resources.
- Invest in and implement agricultural programs. China has helped 800 million people out of poverty since 1