Globalizing poverty

Description

Globalizing poverty involves coordinated international actions to address the root causes and widespread impacts of poverty across nations. This strategy focuses on mobilizing resources, harmonizing policies, and fostering equitable economic opportunities to reduce disparities. Practical measures include debt relief, fair trade agreements, targeted development aid, and capacity-building initiatives, all aimed at empowering vulnerable populations, promoting sustainable livelihoods, and ensuring that poverty reduction efforts are integrated into global economic and social frameworks.

Context

The US Central Intelligence Agency (CIA) warned in a December 2000 report Global Trends 2015 that economic globalization would increase inequality and poverty, thereby fostering violence: "The rising tide of the global economy will create many economic winners, but it will not lift all boats... It will spawn conflicts at home and abroad, ensuring an even wider gap between regional winners and losers than exists today... Globalization's evolution will be rocky, marked by chronic financial volatility and a widening economic divide. Regions, countries, and groups feeling left behind will face deepening economic stagnation, political instability, and cultural alienation. They will foster political, ethnic, ideological, and religious extremism, along with the violence that often accompanies it.