World Bank and Poverty Essay

~ Today the bank functions as an international organization that attempts to fight poverty by offering developmental assistance to middle and poor-income countries. By giving loans, and offering advice and training in both the private and public sectors, the World Bank aims to eliminate poverty by helping people

Poverty has a large issue around the world. 1 billion children alone worldwide are living in poverty. According to UNICEF, 22,000 children die each year due to poverty. Nearly half of the world’s population – 3 billion lives less than 2.50 dollars a day. 640 million lives without adequate shelter, 420 million have no access to clean water and 270 million have no access to health services. Whether you live the wealthiest countries or the poorest ones, poverty will still exist.

Poverty along with hunger and illness spans a great breath across the world and poses as an issue for various nations. Individuals becoming impoverished is most often caused by the skewed distribution of wealth among the citizens of a nation. This issue often leaves the rich, lavishly wealthy and the poor, dirt-poor. Approximately 1,374,000,000 individuals were indexed to having been on or under the poverty line through the world in 2005, which equates to approximately 25.2% of the world population (Buggey, 2017). With almost a quarter of the world population impoverished, the war against poverty has been a relentless and ongoing battle for the modern world.

Moving on to the final main zone that Mercy Corps works in, is the loans or the economic need. This aid comes in many forms, it depends on where the money is needed and what the economy is like there. For example, in South Sudan the way to make economic growth is through a roadside stand. While in Indonesia, good

Angry protesting, political upset, governments falling, privatization failing, and money lost are a few outcomes that influence the public opinion on the World Bank, and its involvement in many underdeveloped countries. While the World Bank claims that reducing poverty across the globe is its foremost priority, many opponents believe that it is responsible for increasing poverty. The World Bank is a multifaceted organization that loans money to government around the world for development.

Poverty can lead to serious effects. Children who grow up in poverty are likely to have frequent health problems than the children who grow in better financial circumstances. For example, infants who are born into poverty have a low birth weight, and they grow up with mental or physical disabilities. Not only are they sick, but they are most likely to die before their first birthday. Children who are raised in poverty might miss school often because of their illnesses, and they have a much higher accident rate than the other children. Nearly a billion of the world’s population can’t read nor write. Poor families experience stress much more than a normal family does. They are more likely to be exposed to negative events such as illness, job loss, death of a family member, and depression. Homelessness is another effect of poverty. Homeless children are less likely to receive proper nutrition, protection and they experience more health problems. Around 1.4 million children die each year from lack of access to safe and clean water and proper nutrition. Homeless women experience a high rate of low birth weight infants as well as miscarriages. Families who do not have homes receive much more stress than other families. They also have disruption in school, work, friendships, and family relationships. There are other effects of poverty such as drug abuse and addiction, child and woman abuse, debts pressure, and increase in crimes.

There is extreme world poverty in the world, leading to other issues. Poverty isn’t just about not having money, it also brings along other worldly problems. Being in poverty may cause them lack of access to needed resources such as food, proper shelter, education, medical help, clothing and water. Poverty leads to a high number of deaths. 22,000 children die daily due to poverty, according to the UNICEF. Every year about 1 million people die from malaria, out of the 300-500 million cases and 80% are children. They cannot be helped because they do not have the money to get medicine and in some countries there are no medical resources. 3.4 million die from diseases because they do not have any clean

Poverty has become a common controversy that binds all of society to its saddened uproar. I will address the consistent neglect and abandonment that society casts amongst this indigence of people. Additionally, the unraveling impacts that society leaves these people to carry amongst their own shoulders. That the continuance of our ignorance against such people should not progress any further. We should want to become the beacon of light to those that suffer the hardships, and that are undervalued. I focus my research to unveil the blindsides that haven’t been seen by the human eye. Also, to discover the consequences that are soon to come if we don’t help to alleviate those that are being sucked into the life of poverty. World poverty will continue to consume as many people as it can if we don’t halt this intricacy. Otherwise, poverty will continue to run rapid across the world.

Poverty is a social problem that affects everyone on an economic, political and social level. The problem of human suffering is one that we must combat strategically on many levels. According to the United Nations, “in 2015 more than one billion people around the world live in a state of poverty, lacking the basic goods food, clothing, and shelter that humans need to survive” (“Poverty”). There are a great number of areas that keep individuals poor, such as lack of resources, inadequate income, lack of education, language barriers and the high cost of child care. Being able to work and provide basic necessities is our basic human right and we should not be deprived of these basic human rights that individuals need in order to live satisfying lives. The government has the responsibility of helping individuals in need with the economic assistance to feed, clothe, house, educate, provide health care and decent wages for every individual. They should ensure that individuals have access to resources that will help them build a better future. There are several ways that we can work together to strategically find solutions to end inequality among the poor individuals in our society.

In addition to being the main cause of the world’s most intractable issues, the scale of global poverty warrants substantial attention by international organizations and member states. According to estimates, roughly 1.377 billion people live on less than $1.25 per day with 2.562 billion subsisting on less than $2 per day (Hulme and Turner 641). In practical terms, a large percentage of the world’s population simply does not have access to the most basic necessities of life, such as food, access to drinking water, and sanitation. Education, health care services, social safety nets, and civil protection, critical

The World Bank, created after World War II by the superpowers, is supposed to be an anti-poverty bank. The idea behind it was to help people out of poverty, through projects, and give them an economic opportunity. The projects were mainly concentrated on less developed areas in developing countries, where the World Bank provides loans for capital programs. The World Bank Group states their mission as to end extreme poverty within a generation and boost shared prosperity. After 71 years today, more than 60% of the African population depend on land for subsistence (FAO, 2015), the most it has ever been. This puts into question why these world problems not only remain, but increase. Poverty is persisting around the globe, and African countries are among the lowest ranked in Gross Domestic Product per capita. Despite the mission of ending poverty, a new report showed the worldwide destructive legacy of World Bank projects (Prupis, 2015).

If you were asked to donate some of your own items or money to help fight poverty, would you do it? A substantial amount of the world’s population suffers from some sort of poverty, whether it be monetary poverty, or food poverty. Poverty has become such a prevalent issue throughout history, that it isn’t put into consideration as much as it should be. Poverty is a serious world problem, and truly needs to be stopped. With the help of citizens of the world, and different groups, and charities, the percentage of poverty stricken people around the world could be greatly shrunk.

Since the World Bank’s inception, it has changed from an organization dedicated to wartime recovery to one focused on a variety of projects, including HIV/AIDS treatment, environmental protection, and other methods of to improve quality of life. However, its growth as an international organization has not been without controversy. There have been criticisms regarding its leadership and its practice of loan giving. While the public face of this institution says it is dedicated to improving the quality of life of the impoverished, its actions run counter and have even resulted in economic, social, and environmental degradation. Instead, the World Bank has become another politicized tool for powerful countries to exert its influence on other countries. The World Bank has changed for the worst in its mission to improve international quality of life; however, this can be rectified by increased cooperation between the World Bank and loan acceptors.

The World Bank and IMF were created with the aim of promoting development through financial assistance and to work on poverty reduction. Since its creation in 1941 the World Bank has loaned and supported many projects around the world and empowers local communities to support them (Levin Institute, 2017) . According to the World Bank data, the bank has committed to lend or has given 338 billion dollars between 2004 to 2013 (Chavkin, 2017). However, despite its economic support the bank is blamed for displacement and death of millions. One investigation on the World Bank funded projects show that more than 3.4 million people were displaced over the past decade. (NPR, 2015) . One of the World Bank supported project that forced 70,000 indigenous people was the forced villagization in Gambella, Ethiopia (Human Rights Watch, 2012). The government called the eviction the “ Commune Center Development Plan and Livelihood Strategy’ and asserted that it planed the program in order to bring the scattered rural population together with the aim of providing them health centers and other public services closer to the area (Epstein, 2013). However, it was found out that the government relocated the population in order to give their fertile land to foreign investors (ibid).

The United Nations Development Programme has set many goals to promote sustainable human development and work to reduce poverty in all its dimensions. (Risen, 2015) Back in 2000, the UN set a goal to reduce global poverty and inequality by 2015, and while it successfully cuts, extreme poverty in half, the multinational group is conflicted about how much developing regions such as