Science has been developing for centuries and poverty existed and still exists. When the classical economy began to develop in the 18th century, scientific concepts appeared that suggested that as a result of the development of the market economy economic prosperity would grow and income inequality would decrease, also in the international area.
Unfortunately, over 200 years have passed and the income diversification has increased and the scale of poverty in many countries is growing. Poverty is currently determined by various economic, economic and political factors, etc. The development of information, IT and Internet technologies, new production solutions and innovations creates new categories of added value of manufacturing processes.
Technology, information, knowledge, and innovation are categories of production factors whose importance is growing in production processes. Technological development should reduce the scale of poverty, but time will show to what extent this positive process will work. On the other hand, other instruments should also be developed, poverty reduction programs by increasing the support of the richest countries for the poorest.
In addition, in the 21st century there are many important economic problems to solve, so as to develop sustainable pro-ecological development, improve socio-economic policies, develop democratization processes, develop economic support programs for the poorest countries etc. which should reduce income disparities, technological development, etc.
Please, answer, comments.
I invite you to the discussion.
Best wishes
Poverty and hunger are on the increase globally and an alarming levels are experienced in African countries (especially the Sub-Saharan Africa)
Paul: I think there will always be poverty and income inequality. Most governments have programs to help the poor, but they have to be designed well to reduce poverty and avoid fraud. However, the government programs alone are not the answer. The poor must want to improve their life. They must want to work hard to improve their condition. They can't become dependent on government aid. Churches also have programs to help the poor. Finally, the economy must have jobs available for the poor and there must be a path to higher incomes among the labor force.
Yes there are many positive aspects of the modern life. But in order to have a better impact of these positive aspects on lives of all the inhibitants the sociaties need to be able to share the total wealth and in a sense a political will of the richest and the people in the power without these there will not be anything to applouse unfortunately!.
Conference Paper The Hidden Physics of Human Progress and Poverty
Research Proposal The Thermo-Economic 'Progress' of Social/Global Poverty
The gap (in and between societies) will become wider and sharper in the next decade, until a new economic cycle of innovations will drive slowly the growth engine into better models of distributive justice.
The reduction of poverty world-wide, and also in specific countries,.is very much a political problem, in the sense that the powers to be may have to change the approach to this problem. I am reminded of the saying: "If you give a man a fish, he can live for one day; if you teach him to fish he can live a whole life".Especially with advancing technology, the only way to diminish poverty is by education of the young people. On of the major problems that I can see is that many societies do not have the money or the facilities to do this, and even so it will take time. And I hate to say this, but part of the problem is that in many developing countries people have more children than they are able to educate. A good example of this is Mexico. A few decades ago many children in that country did not have education, and moved to the united states to find manual jobs. Over the years the birthrate declined, and the government was able to provide education. The result is that young mexicans found well paying jobs in their own country, the general poverty rate declined, and during the last few years the influx of people from that country into the united states has essentially stopped. If other countries could follow this example, a lot of the poverty in other countries could be reduced.
Lodewijk Vanndenberg You are right if the people have the necessary minimum requirements for normal life in their home countries there willbe no desire to emigrate for the better life to other countries!
It is enough to list the 17 Objectives of Sustainable Development[1] (ODD), also unified informally as Global Objectives, to address the challenges faced by mankind today. Through them, an ambitious action agenda (Central Agenda 2030) was set for the next 15 years to eradicate extreme poverty, combat inequalities and injustice and protect the planet by 2030. But let's not be too optimistic; let’s remember what happened with the First Report of the Rome Club in 1972 entitled "The Limits of Growth[2]". It's been 40 years since then, almost all the predictions have come true, but it seems that people do not really take into account the lessons of history. The nature of the debate has shifted from "the limits of growth" to the concept of sustainable development. But the Western world is marked by a huge illusion. There are more, but this one is essential: "laissez faire". The economic model that tells us that the market is regulating everything and, as a result, the economy expects to make a qualitative leap, towards knowledge and innovation, that this is the future. The fact that the market does not think strategically, except where it sees profits, is ignored.
[1] 2030 Agenda for Sustainable Development, https://www.mae.ro/node/35919
[2] Growth Limits (LTG) is a 1972 report on computer simulation of economic growth and exponential population with a finite supply of resources.
The possibility of increase level of poverty is very high especially in the sub-saharan Africa.
Will possibly increase especially in African countries with level of population with extreme poverty.
I am sorry to tell that I expected it will increase due to increase of wars and conflects
Poverty and hunger are on the increase globally and an alarming levels are experienced in African countries (especially the Sub-Saharan Africa)
Definetely a foundamental question for many areas of research, work and study.
The point is if we could have an accurate, definite answer we might have been able to avoid poverty in any way.....
Poverty will increase in varying degrees due to population growth, shrinking of cultivated land, wars and political crises in some countries, in addition to poor governance.
Interesting discussion eliciting valuable contributions by respected colleagues
I think there is every possibility that the level or percentage of poverty in the 21st century will increase. With the development of science and technology in the global market, machines are replacing human in the work place as well as inflation is another factor that is also responsible to some extent for increasing the level of poverty.
We can only be optimistic about the question raised. The world should achieve zero hunger by 2030. In Africa, especially the Sub-Saharan Africa, hunger and poverty is on the increase and many countries are off track in achieve the goal target by 2030.
According to world poverty clock, it shows that countries in sub-saharan Africa are not making remarkable progress in ending any form of poverty by 2030.
There is high prevalence of hunger an malnutrition in many su-saharan Africa as evidenced by 2018 Global Hunger Index(GHI).
Sub-Saharan African countries are worse hit with poverty and hunger. The situation is better in the north African countries like Morocco, Tunisia, Algeria with exception of Libya.
Sub-Saharan African countries are worse hit with poverty and hunger. The situation is better in the north African countries like Morocco, Tunisia, Algeria with exception of Libya.
Most countries with high GHI have situation of low percentage score of corruption perception index(CPI).
The above question inspired me to the following considerations:
From the time when economics began to learn, ie in the classical economy, there appeared theses suggesting that as a result of technical development and growing international trade and lifting barriers to the flow of products and factors of production, the diversity in income and living standards of citizens in highly developed countries and economically underdeveloped were to decrease. It has been over 200 years since the first such claims and, unfortunately, this diversification in incomes and the standard of living of citizens between countries instead of decreasing it has increased. It is sad that despite technological progress and growing trade, as well as progressive economic and informational globalization, there is a widening gap, the scope of diversification in the level of income and standard of living between the richest countries and the poorest economically and technologically.
In highly developed countries in which, thanks to technological progress and growing production, the standard of living of citizens is increasing and the possibilities of pro-social implementation, active social, socio-economic and housing policies are increasing. However, in the poorest countries covered by various economic, climate, political crises, etc., there may be a reverse phenomenon, ie a decrease in the standard of living of citizens, including an increasing number of hungry people. The investments of enterprises equipped with modern technologies are still underdeveloped in many countries, high unemployment, the development of infrastructure necessary for the development of enterprises is poor, low income, low consumption etc. Often, the less developed countries are heavily indebted to developed countries, which is also a factor limiting economic development. The consequence is a low standard of living, poorly developed infrastructure and public services, poorly developed urbanization, etc. The consequence of poor economic development in the underdeveloped countries is still the high level of poverty.
Do you agree with me on the above matter?
Please reply
I invite you to the discussion
Population is increasing and Malthus theory can be referred here where the abundance of resources becomes scarcity . However, food science is also advancing and hopefully till the end of this century some breakthrough regarding nutrition and food consumption could be anticipated..
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