Is The Best Approach Tackle Global Poverty? Essay

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What is the best approach to tackle global poverty? Discuss with reference to free trade, fair trade and foreign aid. Poverty, the state of being extremely poor, affects a large proportion of the global population who are unable to access adequate levels of food, shelter, healthcare and education. Therefore, it is reasonable to assume that reducing poverty is considered to be a net positive without addressing the concept from a variety of theoretical lenses. The World Bank quantitatively defines those living in poverty as individuals with less than “$US1.90 PPP (Purchasing Power Parity) per person, per day”, by these metrics global poverty has decreased significantly, from approximately 44 percent of the global population in 1981 to an estimated 9.6 percent in 2015 (WB PovcalNet, 2016). Although this is an impressive improvement there are still many people living in poverty around the world. This essay will examine some of the methods used to combat poverty, as well as how it has changed over time. These methods include both free trade, fair trade and their alleged opposition to each other as well as comparing domestic and foreign aid. In order to have a more nuanced understanding of global poverty today, one must appreciate the historical methods used to combat poverty, as well as possible changes within the situations of those living in poverty. Within recent decades, China has had the largest reduction of poverty, from 29% in 1990 to 9.1% in 2015 (Angang , Linlin &
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