Sample Education Essays on Global Poverty and Inequality

Global poverty and inequality have evolved in different ways over the past decade.  However, due to the vigorous growth of developing economies, the number of individuals living below the poverty line has decreased by half. However, poverty levels are on the rise in the U.S and Europe, particularly among children. Further, inequality within different nations has grown significantly in both industrialized and developing nations, except for Latin America, although the disparity across countries is on the decline. The unbalanced growth of sectors in the emerging economies has worsened the poverty and inequality levels significantly (Michálek & Výbošťok, 2019). Notably, the low levels of unionization, increased population growth rates, development of infrastructure and the use of advanced technology in food production has contributed to high life expectancy levels.   Consequently, the growing global middle-income segment of consumers, primarily in Asia, is growing, although, in many nations, the uppermost segment of income distribution is expanding relative to the rest (Ravallion, 2019). While the global poverty and inequality index levels and the possible solutions that can be implemented to reduce global poverty and inequality levels exist, a lot is yet to be realized regarding eliminating poverty, especially in developing countries.

Political shifts have fundamentally redrawn governments role regarding the economy and social welfare, and hold some of the crucial solutions to some for the worrying trend of poverty and inequality (Sumner, 2019). Notably, the political environment in many countries has disconnected the youth with the available resources and led to inter-generational conflicts over the scarcity of resources. Immediate action-oriented long-lasting solutions are required to accomplish a balance in the income levels of households, and the equal distribution of resources.

Solutions to the full range of poverty and inequality problems vary from the transformation of social structures to opportunity-driven measures that are cost-effective. Moreover, solutions that deal with life transitions from education to work-life should be developed for the youth because they are the largest cohort affected by poverty and inequality (Edward & Sumner, 2018). Today, the impact of poverty and inequality on the youth has far-reaching effects that do not bode well for the future. Lakner, Mahler, Negre, & Prydz, (2019) argue that the problem might even get worse in the U.S, given the current budgetary pressures. While Sumner (2019) continues to assert that the global poverty and inequality levels imply a specific absolute level of destitution and inadequate access to employment opportunities and natural resources, global income inequality is a relative concept.

The rapid development in emerging economies has resulted in the convergence of income levels across nations, thereby reducing the global poverty index. However, technological changes have perhaps been the most significant factor behind the recent increase in inequality globally (Ravallion & Chen, 2019). New technologies tend to favor educated and skilled labor than unskilled workers. What more, solutions, such as the provision of clean water and sanitation services, access to healthcare and the elimination of diseases, education for all, elimination of corruption, and encouraging local innovations, can help to reduce global poverty and inequality levels significantly (Jorda & Niño-Zarazúa, 2019). Setting a poverty line can help address the gaps that currently exist because it will facilitate the poverty headcount ratio. Measuring the global poverty levels by headcount will provide information that is straightforward to interpret and describe the populations living below the minimum level.

 

 

 

References

Alvaredo, F., Chancel, L., Piketty, T., Saez, E., & Zucman, G. (2018, May). The elephant curve of global inequality and growth. In AEA Papers and Proceedings (Vol. 108, pp. 103-08).

Edward, P., & Sumner, A. (2018). Global poverty and inequality: Are the revised estimates open to an alternative interpretation? Third World Quarterly39(3), 487-509.

Jorda, V., & Niño-Zarazúa, M. (2019). Global inequality: How large is the effect of top incomes?. World Development123, 104593.

Lakner, C., Mahler, D. G., Negre, M., & Prydz, E. B. (2019). How Much Does Reducing Inequality Matter for Global Poverty?

Michálek, A., & Výbošťok, J. (2019). Economic growth, inequality and poverty in the EU. Social Indicators Research141(2), 611-630.

Ravallion, M. (2019). Global inequality when unequal countries create unequal people. European Economic Review111, 85-97.

Ravallion, M., & Chen, S. (2019). Global poverty measurement when relative income matters. Journal of public economics177, 104046.

Sumner, A. (2019). Global Poverty and Inequality: Change and Continuity in Late Development. Development and Change50(2), 410-425.