Poverty reduction drives bearing fruit
Study reveals some surprising results
An in-depth study on global poverty reduction by the University of Oxford has produced some surprising results. The report predicts that some of the world's most impoverished nations could see acute poverty eradicated within two decades. The most promising countries include Rwanda, Nepal and Bangladesh. This is the second report from a respected institution to laud the country's impressive anti-poverty efforts. A week earlier, the United Nation's current development report echoed similar sentiments for many of the poorest nations in the world.
What is now evident is the significant resources being expended by nations across the developing world in critical development projects such as schools, health clinics, housing, infrastructure, improved access to water, etc. are actively contributing to literally pulling tens of millions of people out of abject poverty. The cumulative effect of such a "shift" in better living conditions and access to basic needs, i.e. health, education, etc. is the creation of a new "global middle class". A class that is no longer a burden on their respective countries' economies, but a class of people with real purchasing capacity, with education that make them an asset rather than a liability to the countries they belong to.
The current study differs from studies done in the past through the application of a new measurement tool, the Multidimensional Poverty Index (MPI) targeting the world' poorest 1billion people. It brings in a whole different dimension to the manner in which poverty is assessed by academics and development agencies globally. In order, however, to maintain the trend negative politics would have to be shunned.
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