The coronavirus pandemic has already taken a significant toll on the U.S. labor market. In the 12 weeks since the start of the pandemic, more than 40 million people filed for unemployment insurance, and the employment rate ...
Economics & Business
Jun 22, 2020
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5
The first confirmed case of COVID-19 in the USA was on January 20, 2020 in Washington State. Since then, there have been over two million confirmed cases and 113,000 deaths in the country. A shortage of tests has beleaguered ...
Social Sciences
Jun 17, 2020
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6
In a new study, researchers recently discovered that Indonesia's national anti-poverty program reduced deforestation by about 30%.
Social Sciences
Jun 12, 2020
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219
Global poverty is set to rise above 1 billion people once again as a result of the coronavirus pandemic, which is reducing the income of the world's poorest by $500 million a day, according to new research published Friday.
Economics & Business
Jun 12, 2020
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7
A new study published in Economic Modelling by researchers at Ca' Foscari University and CMCC shows that owning and using an air conditioner greatly increases the electricity bills of households, with important implications ...
Social Sciences
Jun 08, 2020
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2
Many African countries quickly closed their borders and imposed lockdown. This meant that, until the beginning of May, no African country had more than 10,000 people affected, with South Africa, Egypt, Morocco or Algeria ...
Economics & Business
Jun 02, 2020
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1
A new report by UNSW Social Policy Research Centre (SPRC) and Australian Council of Social Services (ACOSS) highlights the relationship between caring roles and poverty in Australia. Before the COVID-19 pandemic, households ...
Social Sciences
May 28, 2020
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2
The COVID-19 lockdowns are projected to cause a decline in economic growth due to the restrictions on labour activities and economic production.
Economics & Business
May 15, 2020
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2
The economic fallout from the coronavirus pandemic could increase global poverty by as much as half a billion people or eight percent of the world's population—according to new research.
Economics & Business
Apr 09, 2020
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27
The share of people living in absolute poverty in North Korea is higher than once thought, making it one of the poorest countries on Earth, new research from Vienna University of Economics and Business reveals.
Economics & Business
Mar 18, 2020
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Poverty is the state of one who lacks a certain amount of material possessions or money. Absolute poverty or destitution is inability to afford basic human needs, which commonly includes clean and fresh water, nutrition, health care, education, clothing and shelter. About 1.7 billion people are estimated to live in absolute poverty today. Relative poverty refers to lacking a usual or socially acceptable level of resources or income as compared with others within a society or country.
For most of history poverty had been mostly accepted as inevitable as traditional modes of production were insufficient to give an entire population a comfortable standard of living. After the industrial revolution, mass production in factories made wealth increasingly more inexpensive and accessible. Of more importance is the modernization of agriculture, such as fertilizers, in order to provide enough yield to feed the population.
The supply of basic needs can be restricted by constraints on government services such as corruption, debt and loan conditionalities and by the brain drain of health care and educational professionals. Strategies of increasing income to make basic needs more affordable typically include welfare, accommodating business regulations and providing financial services. Today, poverty reduction is a major goal and issue for many international organizations such as the United Nations and the World Bank.
This text uses material from Wikipedia, licensed under CC BY-SA
