Sunday, May 27, 2007

Poverty and Economics

Underdevelopment can have hugely negative affects on children across the globe. It leads to extreme poverty and can limit access to education, health care and food. The impact on children is shocking:

*Worldwide 600 million children are living in absolute poverty
*30,000 children die each day due to poverty
*Over 300 million children go to bed hungry every day
*The cost of eradicating world poverty is estimated at 1% of global income

Childhood poverty is a huge constraint to growth. By investing in children the obstacles facing developing countries can be lessened, partly by creating a healthy, educated generation that can effectively contribute to the economy. Countries need to focus budgets on the needs and the rights of children.

The right economic policies can lift poor children out of poverty, by ensuring access to services, providing public goods, and creating a stable macroeconomic environment. Conversely, many economic policies, if poorly designed or implemented, can also push large numbers of people further below the poverty line.

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