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Archive for category: Global Poverty

Key articles and information on global poverty.

Global Poverty

Addressing the Multiple Causes of Poverty in Saint Lucia

Poverty in Saint LuciaSaint Lucia is a popular tourist destination in the Caribbean, with tourism increasing each year. In 2014 alone, 338,158 visitors stayed on Saint Lucia, a six percent increase from 2013. Although Saint Lucia is a thriving tourist destination for those with expendable income to relax, many of its citizens face poverty. Poverty in Saint Lucia, as found by UNICEF, measures at 18.7 percent of households and 25.1 percent of individuals.

UNICEF’s Poverty Assessment Report for Saint Lucia highlights 10 main causes of poverty in Saint Lucia. The first of these causes is the decline in earnings from the banana industry. The agriculture industry employs 21.7 percent of Saint Lucia’s labor force. Agricultural Minister Ezechiel Joseph stated that there is a demand for Saint Lucia’s bananas, but that banana farmers need “to be able to produce the fruit in a sustainable basis.” Greater productivity and consistency are needed to satisfy potential buyers, recover the failing banana industry and reduce poverty in Saint Lucia.

An additional cause of poverty in Saint Lucia is the developing light manufacturing industry. Some of Saint Lucia’s light manufacturing exports include clothing, electronic components and corrugated cardboard boxes. While Saint Lucia produces quality products and has been commended for its strengths in light manufacturing by the Caribbean Export Development Agency, the Commerce Minister of Saint Lucia noted that there is work to be done to improve competitiveness and export potential in order to keep up with growing international competitors. The light manufacturing industry in Saint Lucia has the potential for great economic gain for the country, but has yet to bring that gain to fruition.

Failings by the government also contribute to poverty in Saint Lucia. In its report, UNICEF highlights poor infrastructure’s role in contributing to continued poverty in Saint Lucia. Many communities lack electricity, safe drinking water and usable roads, isolating them from other communities and limiting the types of industries in which they can take part. For these communities, agriculture is the main industry and is not likely to be a lucrative venture.

Additionally, the government is limited in its resources to provide a “safety-net” for those facing poverty because of its own financial difficulties. This compounds the problem of poverty in Saint Lucia; as the government faces hard times, it cannot provide as many services to its people, increasing the level of poverty for its citizens.

To truly alleviate poverty in Saint Lucia, economic expansion is key, particularly in the agriculture and ligh manufacturing industries, as these employ most of Saint Lucia’s poor. If these industries grow and compete in the international market, Saint Lucia’s poorest citizens will find themselves with more jobs, more money and greater peace of mind.

– Mary Kate Luft

Photo: Flickr

October 3, 2017
https://borgenproject.org/wp-content/uploads/borgen-project-logo.svg 0 0 Kim Thelwell https://borgenproject.org/wp-content/uploads/borgen-project-logo.svg Kim Thelwell2017-10-03 07:30:462024-06-04 01:08:24Addressing the Multiple Causes of Poverty in Saint Lucia
Global Poverty

On Deforestation and Poverty

Deforestation and PovertyDeforestation and poverty have had a close relationship to one another for a very long time. Individuals around the world have used wood either as a fuel for fire, shelter or weapons for hundreds of thousands of years. Nowadays, communities around the world that are not prosperous enough to survive begin to rely on selling wood and clearing forests in order to survive.

Much of the deforestation today is illegal. However, there are still communities that continue to subsist on illegally-felled wood. In fact, a World Bank report estimated that “illegal loggers cut down an area of forest the size of a football field every two seconds.” This cannot continue. Forests are vital to sustaining the worldwide ecosystem.

Currently, the top three countries involved in deforestation are Russia (mostly in the east), Brazil and the United States of America, which still has plenty of woodland. The U.S. is prosperous enough that it can afford to put resources into sustainable practices, such as replanting trees and improving enforcement of the law.

However, most other countries cannot afford these things. Most of the illegal logging comes from Russia, Brazil and China, attributing to 16.9 percent, 16.0 percent and 12.3 percent of all illegal logging worldwide, respectively.

It is unknown, though, whether the communities which do the illegal felling are in fact severely poor. Because people who are committing this crime do not want to expose themselves, there are few to no statistics on the exact portion of deforestation that is due to poverty. All three countries have relatively low GDP per capita’s though (between $8,000-$9,000 U.S. Dollars) as well as high GINI indices of above 41, which suggest that many of the communities in those countries survive on deforestation, are very poor.

However, we must be careful to not generalize this for all illegal deforestation. In fact, according to Forests News, big corporations are responsible for fueling this industry, as they can gain profits from agricultural land. Putting pressure on these businesses, such as McDonalds or Asia Pulp & Paper (APP), will likely lessen the effect of deforestation. However, it won’t help the poor become more prosperous, and it will likely make them even poorer.

Thus, what can be done against deforestation and poverty and poverty diminished by deforestation, for the sake of the environment, for the sake of the lives at risk and environmentalism?

Deforestation is vital for farmers who want to expand their farms to create more food for the world’s hungry. Unfortunately, solutions to the problem require worldwide participation against unsustainable practices and, of course, general poverty.

Even if we as a humankind were, in theory, to halt deforestation completely, it would mean that millions of people would potentially go hungry and disrupt the world economy. Therefore, the solutions must be carefully implemented over time.

Brazil has a great record of reducing poverty in previous years, reducing poverty from 24.7 percent in 2001 to 7.4 percent in 2014, according to the World Bank. It has also decreased deforestation from 21,000 square kilometers annually to only 8,000 square kilometers. What has the country done to battle deforestation and poverty?

For deforestation, it has invested more money into protecting the forest: 10 percent of the Amazon is now a protected area. For poverty, it created a slew of social programs, such the updating infrastructure, paid school attendance across the country and, most importantly, created “first global center for poverty reduction” called “Mundo Sem Pobreza.” Together, the two programs have worked in tandem to make the country the next big leader in fighting poverty and deforestation.

If Russia and China can learn from Brazil and focus on these issues in their respective nations, humanity will make great strides in battling both world poverty and climate change.

– Michal Burgunder

Photo: Flickr

October 3, 2017
https://borgenproject.org/wp-content/uploads/borgen-project-logo.svg 0 0 Kim Thelwell https://borgenproject.org/wp-content/uploads/borgen-project-logo.svg Kim Thelwell2017-10-03 07:30:382020-07-22 07:39:36On Deforestation and Poverty
Global Poverty, Human Rights, Slavery, Volunteer

How to Help People in Kuwait

Help People in KuwaitKuwait is not a country that often comes to mind when considering foreign aid. The oil-rich nation may seem self-sufficient; however, Kuwaitis face hurdles in their daily lives and are in need of assistance. Colossal prices for everyday goods, human rights violations and water conditions are just a few of the problems people encounter in Kuwait on a daily basis.

Although the nation is renowned for its high salaries, the correlating high cost of living is often left out. Basic necessities such as rent, food and health care have had drastic price increases. The Kuwaiti Times reports that “90 percent of the population is not as rich as the prime minister says.” The reporter continues to insinuate that the incumbent administration is oblivious to the reality of life in Kuwait.

To help people in Kuwait, combating human rights violations is essential. The Kafala system binds migrant workers to their employers, functioning as a modern day system of slavery. Workers are often vulnerable to forced labor in subpar conditions and abuse. Employers often threaten to deport migrant workers if they do not comply with their demands.

Between January and April of 2016, 14,400 workers faced deportation. Misdemeanors such as traffic violations or talking back can result in harsh punishments from their employers. The European Union has launched a project called PAVE to assist and shield these workers from exploitation. Donating to or volunteering for this organization are both ways to help people in Kuwait.

Although Kuwait is a food secure nation, it stands at ninth place for high water risk by 2040. Unparalleled evaporation rates deplete the soil of its moisture, resulting in a nominal percentage of water flowing into the aquifers. Without any natural rivers or lakes, this proves to be deleterious to the Kuwaiti population.

Contributions to the construction of water treatment plants or waste water systems are both ways to assist the country in their water deficit.

Once we puncture the façade of images of the wealthy Kuwaiti population, we realize that Kuwait cannot be overlooked when deliberating foreign aid.

– Tanvi Wattal

Photo: Flickr

October 3, 2017
https://borgenproject.org/wp-content/uploads/borgen-project-logo.svg 0 0 Kim Thelwell https://borgenproject.org/wp-content/uploads/borgen-project-logo.svg Kim Thelwell2017-10-03 07:30:252024-06-05 02:12:15How to Help People in Kuwait
Developing Countries, Global Poverty

Top Ten Worst Storms of All Time

Ten Worst Storms of All TimeWith recent hurricanes Harvey and Irma severely hitting the United States and devastating the Caribbean, it is important to look to the past to identify trends in climate change, to verify tactics to protect ourselves from these natural disasters and to prepare for the future. The deadliness of these storms is determined primarily by the number of lives lost, but in some cases it is determined by the storm surge or the destruction caused.

These are the top ten worst storms of all time, number ten being the most deadly.

  1. In India, the Great Bombay Cyclone hit in 1882 and had a death toll of around 100,000 people. Historically, this region has had a lot of storm related natural disasters due to its proximity to large bodies of water, as well as the varying intensity of annual monsoons.
  2. Cyclone Nargis hit Myanmar in 2008, destroying homes, villages and medical centers. This was the worst storm to ever strike the area, taking an estimated 140,000 lives. The numbers are uncertain because the storm washed thousands out to sea who were never found.
  3. In 1991, Bangladesh faced Cyclone 02B that killed just under 140,000 individuals. These deaths were actually a result of the floods that the storm created, not the storm itself. Bangladesh, unfortunately, frequently experiences harsh storms and deadly flooding.
  4. Also in Bangladesh, the Chittagong Cyclone devastated parts of the nation in 1897. It had a death toll of around 175,000 and was incredibly destructive. However, due to its age, there are few specifics about the impact of the cyclone.
  5. The Great Backerganj Cyclone, which hit Bangladesh in 1876, killed close to 200,000 people. The storm hit the Meghna River and added approximately 12 meters of storm surge. As with most storms in Bangladesh, there was a large amount of flooding that followed.
  6. In 1975, China faced Typhoon Nina, which wouldn’t have been too deadly if the nation had been prepared. However, the impact of Typhoon Nina was multiplied by the poor infrastructure in a number of Chinese dams. Twelve dams broke, releasing massive amounts of water onto the streets of China and causing over $1.2 billion in damages. Because of China’s nondisclosure about the impact of the Typhoon, there is no accurate count of how many people were killed.
  7. The Coringa Cyclone, which hit India in 1839, took around 300,000 lives. The storm completely destroyed Coringa’s port and 20,000 vessels along with it. It created a storm surge of approximately 12 meters.
  8. In 1881, Haiphong, Vietnam was struck by a massive typhoon. This city was located at the mouth of a major river and was therefore helpless when the storm hit. The estimated casualties of the storm near 300,000.
  9. India and Bangladesh in 1737 faced a massive storm, but much of the data is unclear or unknown. The storm is sometimes referred to as the Hooghly River Cyclone. The estimate given by the Indian government is around 300,000 deaths, but many experts consider that number unreliable. Regardless of the death toll, however, this storm produced a storm surge of more than 12 meters and caused massive damage to Calcutta.
  10. Finally, the Boha Cyclone is number ten on the top ten worst storms of all time. It hit Bangladesh in 1970, taking 500,000 lives. The storm also massively impacted the fishing industry and produced a humanitarian crisis that ultimately took additional lives. This is the worst storm Bangladesh has ever faced and the worst the world has seen.

All of these storms were horrendous and involved staggering loss of life, and it is important to note that all of them occurred outside the United States. While storms have devastated parts of the U.S. this year and in the past, it should not be forgotten that other nations do need aid after suffering disasters just as, if not more, harmful than our own.

– Liyanga De Silva

Photo: Pixabay

October 3, 2017
https://borgenproject.org/wp-content/uploads/borgen-project-logo.svg 0 0 Borgen Project https://borgenproject.org/wp-content/uploads/borgen-project-logo.svg Borgen Project2017-10-03 07:30:222020-07-22 07:42:00Top Ten Worst Storms of All Time
Development, Global Poverty

Trinidad and Tobago Poverty Rate

Trinidad and Tobago Poverty Rate

In the future, this era may be considered the era of development. With many countries moving into higher income brackets, growing at higher rates and shifting toward betterment for all, the world has yet to see what the ultimate result of these tumultuous times is. Trinidad and Tobago is an example of a country that has developed significantly within the past few years.

Trinidad and Tobago sits in the waters of the Caribbean. This nation is composed of two islands that formerly belonged to the Spanish, but they won independence in 1962. The country has a strong petroleum industry that relies on the extraction of oil and natural gas.

Trinidad and Tobago‘s GDP grew between 2000 and 2016, from approximately $8 billion to $20 billion, and its GDP per capita is over $17,000. Because of the tremendous growth in the 2000’s, Trinidad and Tobago is considered a middle-income country. They also have a high Human Development Index (HDI), meaning that their quality of life has increased—they now rank 65th out of 188 countries.

While unemployment currently hovers around 4 percent, the Trinidad and Tobago poverty rate sits at 20 percent. The energy sector is very profitable; however, the rest of the economy has not achieved the same rate of success. The split between the energy sector and the rest of the economy has created a sort of working poor that contributes to the Trinidad and Tobago poverty rate.

As for the causes of this growth, most attribute Trinidad and Tobago’s success to the growth of the energy sector.

With its friendly policies towards the energy sector and foreign investors, the government has encouraged the growth that gave Trinidad and Tobago its economic status. In addition, after the country hosted the 2006 World Cup, it saw major economic growth due to increased visibility and tourism.

However, translating this wealth to the rest of the country may be a challenge. The government has instituted a program called the National Social Development Program (NSDP) to help those who live in poverty, and also focuses on the first Sustainable Development Goal—no poverty.

The Trinidad and Tobago poverty rate is an important factor in understanding the economy’s growth in the energy sector, and what that growth has meant for the rest of the country as a whole. Trinidad and Tobago’s economic growth has helped increase its quality of life and the well-being of its citizens. Overall, the developments the country has made has helped the entire world in the fight against poverty.

– Selasi Amoani

Photo: Flickr

October 3, 2017
https://borgenproject.org/wp-content/uploads/borgen-project-logo.svg 0 0 Kim Thelwell https://borgenproject.org/wp-content/uploads/borgen-project-logo.svg Kim Thelwell2017-10-03 07:30:222024-05-29 22:27:04Trinidad and Tobago Poverty Rate
Economy, Education, Global Poverty

Understanding the Reasons Why Tajikistan is Poor

Why Is Tajikistan PoorTajikistan has done an incredible job over the past 15 years of reducing poverty and strengthening its economy. However, the poverty rate still remains at 31 percent. Despite being in the top 10 percent of countries in terms of poverty reduction, the question of why Tajikistan is poor remains.

Poor soil and a lack of employment opportunities have driven more than one million Tajiks to work abroad, mostly in Russia, in order to support their families. Additionally, narcotics are a huge source of economic activity in Tajikistan, leading to hostile environments for students and driving away foreign investment.

Education in Tajikistan is often truncated. There is limited opportunity for secondary school, and higher education is an opportunity only the most privileged can afford. The levels of education across Tajikistan are lower for women, as 12 percent do not end up graduating the compulsory nine years of primary school.

Minimal infrastructure is another explanation as to why Tajikistan is poor. Though there is a fairly well developed system of roads, they are in need of repair and supplement. Access to the internet and clean water, not to mention basic health care, is also restricted, and the railway system is rudimentary and ineffective.

Besides a lack of education and overall infrastructure, the rule of law in Tajikistan is weak, likely due to a history of civil war and a former dependence on the Soviet Union. This makes foreign direct investment unlikely, leaving little chance for new businesses to grow and develop.

Much has been done in recent years to continue to strengthen the Tajikistan economy, yet the question of why Tajikistan is poor remains. The country must work even harder than in the past, increasing access to the internet and energy, developing the private sector more fully and making the country an attractive one for foreign direct investment if they wish to continue the impressive growth that has been the norm for fifteen years.

– Connor S. Keowen

Photo: Flickr

October 3, 2017
https://borgenproject.org/wp-content/uploads/borgen-project-logo.svg 0 0 Borgen Project https://borgenproject.org/wp-content/uploads/borgen-project-logo.svg Borgen Project2017-10-03 07:30:012024-05-29 22:27:03Understanding the Reasons Why Tajikistan is Poor
Economy, Global Poverty

The Poverty Rate in Tonga: A Nation in Need of Assistance

Tonga Poverty RateThe Polynesian Kingdom of Tonga is home to around 102,000 people. Tonga is an archipelago comprised of 171 islands, only 45 of which are inhabited. In 2005, the U.N. estimated 77 percent of the population lives in rural areas.

The poverty rate in Tonga is 22.1 percent; in other words, one out of every five Tongans lives below the poverty line. Among the eight nations in the Pacific region, Tonga has the third lowest poverty rate, proceeded by the Solomon Islands and Vanuatu.

Tonga’s impoverished communities are primarily in rural areas on the outer islands. The main island of Tongatapu has the highest GDP per capita, but the citizens of the farther islands of ‘Eau, Ha’apai, the Niuas and Vava’u struggle to find work. The higher poverty rates on these islands are due to a lack of access to goods, transportation and marketing opportunities.

The poverty rate in Tonga worsened after the 2008 global financial crisis. The cost of living skyrocketed due to increased prices of imported fuel and food. The crisis also caused Tongans overseas to lose their jobs in fields such as construction and landscaping, rendering them unable to send money back home. It is estimated that there are more Tongalese expatriates than current citizens, and many of them reside in the neighboring countries of Australia and New Zealand.

Tonga’s economy is primarily agricultural. Their main cash crops are squash, fish, copra and coconut products, vanilla bean extract and bananas. Tonga’s main mode of foreign exchange is through agricultural exports, tourism and remittances. The Tongalese economy also relies on foreign aid to offset its chronic trade deficit.

The biggest hope for improving the Tongan economy is tourism. Tonga hopes to increase high-value tourism among the outer islands, which have white sandy beaches and ideal sailing conditions. The Tongan tourism industry still has problems with remoteness, infrastructure and poor marketing. However, conditions are improving. In January 2011, tourist receipts totaled 60 million Tongan dollars, the highest point in the last decade.

Like many countries, Tonga is still in the process of rebuilding its economy after the 2008 financial shock. International cooperation will also be instrumental in doing so, as Tonga continues to rely on foreign aid for emergency assistance and filling the gaps in trade deficits. With further cooperation and the development of local markets, there is hope to lift many more Tongans out of poverty.

– Hannah Seitz

Photo: Flickr

October 3, 2017
https://borgenproject.org/wp-content/uploads/borgen-project-logo.svg 0 0 Kim Thelwell https://borgenproject.org/wp-content/uploads/borgen-project-logo.svg Kim Thelwell2017-10-03 01:30:402024-05-29 22:27:03The Poverty Rate in Tonga: A Nation in Need of Assistance
Global Poverty

How to Help Impoverished People in South Korea

How to Help Impoverished People in South KoreaBefore 1980, The U.S. contributed $3 billion in aid to revive the post war economy of South Korea – and it worked. The country soon became an example of growth, joining other powerful democracies in the Organization for Economic Cooperation and Development (OECD) in 1996. The number of impoverished people in South Korea then began to drop and now is lower than in the U.S. Despite decrease, income inequality is rising and the solution may have as much to do with culture as with commerce.

South Koreans’ life expectancies are among the highest in the world; they live 82.4 years on average, by The World Factbook’s 2016 estimate. But while people live nearly twice as long as they would have in the 1950s, the birth rate is four times lower. The elderly population in South Korea is projected to be 10.7 million by 2026 – about 20.5 percent of the population – and right now half of them are living in poverty.

OECD data estimates that South Korea’s working class population (ages 25 to 49) peaked in 2009, and just this year the Korean government made the decision to raise the retirement age from 55 to 60. The young are competing for jobs with the people their culture once expected them to care for and the already weak Confucian sentiment of past generations may entirely disappear as they do.

While family support for the elderly is not as it once was, a number of programs dedicate themselves to providing universal needs to South Korea’s poor. Habitat for Humanity builds residential complexes that emphasize communal cooperation, encouraging a culture of care while tackling the issue that Seoul is home to half of the population and has a cost of living comparable to that of Los Angeles.

Habitat for Humanity has helped more than 3,300 families and individuals in South Korea and are one of the few organizations that tailor their efforts particularly to the elderly. Once they are housed, the biggest obstacles remaining are healthcare and food.

Churches and other local groups frequently distribute food or money to the elderly and other impoverished people in South Korea. A group of nine entrepreneurs recently created the Korea Legacy Committee and have raised $20,000 for the Seoul Senior Welfare Center’s meal programs. These local, independent efforts often make a more direct impact than Korea’s National Pension Service (NPS), described by Bloomberg Business as “passive,” despite being the third largest in the world.

Legal conflicts have put the NPS’s economic and political ties under scrutiny recently. With its legitimacy in question, public trust that was already low is now almost entirely lost. The best hope is that local organizations’ aid and advocacy in the government will stop South Korea’s oldest generation from being lost as well.

– Brooke Clayton
Photo: Flickr

October 3, 2017
https://borgenproject.org/wp-content/uploads/borgen-project-logo.svg 0 0 Kim Thelwell https://borgenproject.org/wp-content/uploads/borgen-project-logo.svg Kim Thelwell2017-10-03 01:30:252024-12-13 18:05:34How to Help Impoverished People in South Korea
Education, Global Poverty, Technology

Overcoming Language Barriers for Education in Malaysia

Education in Malaysia
Whether in textbooks or spoken in lectures, language is crucial in effective education. Without a common means of communication, many students will be left behind. While education in Malaysia has predominantly used Malay, the country’s official language, in its classrooms, some Malaysian schools also include more English, Chinese and Tamil cultures into their curricula.

In most instances, immense diversity is a privilege to instill greater global awareness, but, in the Malaysian education system, it has hindered progress, especially in keeping up with other countries’ educational opportunities. To keep up in an ever-changing economy and job market, education in Malaysia needs to establish a common language for all schools.

Despite its linguistic differences, Malaysian education is goal-driven and focused on improving itself. The government released an ambitious Malaysia Education Blueprint in 2013. The detailed plan hopes to achieve universal access and full enrollment of all children from preschool to upper secondary school, improved student test scores, and reduced urban-rural, socio-economic and gender achievement gaps, all by 2020.

To meet such high standards, however, promoting a mother tongue language for education in Malaysia is key. The benefits of doing so include higher enrollment and success rates, especially for girls and rural-based students, and greater parent-teacher communication. The students that tend to feel the most marginalized, those from poorer households, are more likely to attend school, retain information, and participate in their learning.

Other countries in the region with similar struggles serve as examples of how to overcome potential language barriers. Laos has dozens of diverse languages that are mainly spoken in rural, impoverished communities. However, with education requiring fluency in Lao, the official language, children from different ethnic backgrounds were left out. With UNICEF’s support, the government took a “Schools of Quality” approach that starts children in their native language and slowly transitions them into Lao. The change has been a successful way to boost student morale and attendance.

Such benefits of a mother-tongue-based education will propel Malaysia to become a world leader in a digital economy. Students who face language barriers in their education have limited opportunities to reach their full potential. If students fall behind in understanding their studies, they will also fall behind when facing an increasingly technical-based economy. Acquiring skills in technology and STEM-related fields requires a quality, forward-thinking education as a foundation. That education appropriately requires a cohesive language to teach and learn.

Education should be an accessible service to every person, regardless of their language, ethnicity or socioeconomic status. Education in Malaysia is on the right path to improving its system, but an important step forward will involve overcoming language barriers. Other countries in the region serve as testaments to the positive growth in preserving the mother tongue, and, with continued support, Malaysia too can experience this progress.

– Allie Knofczynski

Photo: Flickr

October 3, 2017
https://borgenproject.org/wp-content/uploads/borgen-project-logo.svg 0 0 Kim Thelwell https://borgenproject.org/wp-content/uploads/borgen-project-logo.svg Kim Thelwell2017-10-03 01:30:132024-05-29 22:27:04Overcoming Language Barriers for Education in Malaysia
Development, Global Poverty

BRICS Summit 2017: Another Step to Poverty Alleviation

BRICS Summit
The BRICS nations—Brazil, Russia, India, China and South Africa—account for a massive 30 percent of world’s GDP and a high proportion of international growth. These nations are key players on the world stage. The annual BRICS summit has helped galvanize a wide array of infrastructure projects, trade and poverty alleviation initiatives to ensure equitable and sustainable growth. BRICS is bolstering the capacities and capabilities of rising markets by tapping into their potentials.

The New Development Bank (NDB) and Contingent Reserve Arrangement is contributing much to improving social security nets, bettering infrastructure networks and regulating governance. Each country is dedicating a fixed proportion to the BRICS Development Bank. The NDB has allocated over $1.4 billion to support four projects each in China, Russia and India. Over the course of 2017, more than $30 billion will be channeled toward supporting projects in other key realms.

Similarly, the BRICS Business Council helps strengthen cooperation among BRICS countries in e-commerce, technical development and agenda-setting.

The BRICS bloc works to integrate a number of global, national and regional development projects and agendas together, like the U.N. Sustainable Development Goals and the African Union 2063 Agenda.

BRICS countries are capitalizing on their positions to encourage trade liberalization within the bloc, especially in regards to increasing efficiency and overcoming red tape and bureaucratic weaknesses often associated with free trade.

The BRICS bloc strengthens positions of countries in Eurasia. In 2017 alone, it was reported that levels of trade between BRICS nations increased exponentially. Shipments to and from countries are reaching record heights. The growth of the manufacturing sector and e-commerce has increased exponentially.

The bloc is also working collaboratively towards safeguarding the future by securing employment in the manufacturing sector and cushioning technology.

The recent 2017 BRICS Summit held in Xiamen, China covered issues ranging from employment, commerce and finance, innovation and technology to reforms of the United Nations Security Council and improving counter-terrorism measures.

As the BRICS bloc often invites many non-BRICs members to observe annual proceedings, it could possibly lead to the inclusion of more developing countries in future. For the recent BRICS summit, China invited countries such Tajikistan, Mexico, Thailand, Kenya and Egypt. The bloc wants to expand its potential and scope in future.

However, even within BRICS nations, there are differences in aspects such as wealth distribution, growth rate and population control. China and India boast exponential growth rates, while countries such as Russia have been experiencing slower growth rates at present.

As a host to this year’s BRICS Summit, China pledged $76.4 million for a BRICS economic and technology cooperation agenda. President Xi Jinping also pledged $4 million to the NDB. China’s Belt and Road Initiative was an important part of the discourse, seeing as it has gained much traction globally since its inception.

South African President, Jacob Zuma, focused on the implementation of the U.N.’s Sustainable Development Goals 2030 to eradicate poverty at the 2017 BRICS Summit.

Zuma spoke about the work of the African Union (AU) in this realm. The AU recently announced the opening of the African Regional Centre. Moreover, Zuma is also confident about the progress of the 23rd Conference of the Parties to the U.N. Framework Convention of Climate Change.

At the BRICS Summit, Prime Minister Narendra Modi was particularly concerned with tackling poverty and corruption, bolstering clean energy sectors, and ensuring gender parity. India recently joined the Shanghai Cooperation to ensure more social stability and economic security.

Prime Minister Modi unveiled 10 “noble commitments” concerning key aspects like counter-terrorism, cybersecurity and disaster management. The BRICS commitment could also bring India closer toward normalizing relations with China, especially after the Doklam border conflict.

Russia and India agreed to collaboratively work toward easing the War in Afghanistan. The leaders also focused on fortifying energy efficiency, tourism and improving youth exchanges, bilateral trade, and boosting investment in an integrated manner.

Furthermore, Brazilian President Michel Termer aimed to secure more foreign investment during the course of the BRICS summit this year to possibly counter Brazil’s current period of languid growth. Termer expressed his wish to channel investment toward infrastructure projects and diversifying markets.

Overall, future BRICS Summits will pave the way for pioneering global development initiatives and will be an important framework for governance and policymaking in the future, as it is essential that developing superpowers be immune to economic headwinds. It will also be the foundation for future agendas in the evolving world dynamic.

– Shivani Ekkanath

Photo: Flickr

October 3, 2017
https://borgenproject.org/wp-content/uploads/borgen-project-logo.svg 0 0 Kim Thelwell https://borgenproject.org/wp-content/uploads/borgen-project-logo.svg Kim Thelwell2017-10-03 01:30:072017-12-04 13:25:16BRICS Summit 2017: Another Step to Poverty Alleviation
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