Global Poverty And Its Effects On Poverty

2151 Words Oct 6th, 2016 9 Pages
One of the most successful efforts to reduce and more effectively measure poverty has been Mayor Michael Bloomberg’s Center for Economic Opportunity (CEO) in New York City. This paper will explain how CEO was and still is so successful in combatting poverty and will argue that its tactics should be implemented in cities across the nation. Poverty is one of the most important issues that the modern world has attempted to confront. For the most part it has been a huge success. Extreme global poverty has been cut in half in the past 20 years. This statistic is staggering, and not enough people realize how successful industrialization and the globalized world have been at eradicating extreme poverty. While this should be celebrated, there is a different problem that the United States faces while looking inward. The poverty rates within inner cities have not been following the global trends and decreasing, rather they have been on the rise. CEO has been able to turn New York City from one of the nations highest poverty rates in large cities to one of the lowest. For this reason their tactics should be looked at closely as a model for cities across the nation and across the world. When Michael Bloomberg was elected mayor of New York City in 2005, he declared the “War on Poverty”. While this sentiment has been echoed throughout United States history, the Bloomberg approach differed slightly. Bloomberg was going to wage a data driven war on urban poverty within his city. In…

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