Rethinking Poverty Reduction
The United Nations’ biennial Report on the World Social Situation (RWSS 2010), entitled Rethinking Poverty, makes a compelling case for rethinking poverty-measurement and poverty-reduction efforts. But there will be no real poverty eradication without equitable and sustainable economic development, which deregulated markets have proved unable to deliver on their own.
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NEW YORK – Last year, the United Nations Food and Agriculture Organization announced that the number of hungry people in the world increased over the last decade. In 2008, the World Bank announced a significant decline in the number of poor people up to the year 2005. But if poverty is defined principally in terms of the money income needed to avoid hunger, how can announcements such as these be reconciled?