18 Sep 2023 GLOBAL TRENDS IN CHILD MONETARY POVERTY
This article covers “Daily Current Affairs” and the Topic details “GLOBAL TRENDS IN CHILD MONETARY POVERTY”. This Topic has relevance in the Social Justice section of the UPSC CSE exam.
For Prelims:
About the report?
For Mains:
GS 2: Social Justice
Solutions?
Why in the news:
According to a recent evaluation titled “Global Trends in Child Monetary Poverty,” carried out in collaboration between the World Bank Group and UNICEF, a shocking percentage of the global extreme poverty population consists of children.
About the report:
Child Poverty Worldwide
- In 2022, an alarming 52.5 per cent of the global extreme poor population were children, highlighting that every other person in extreme poverty is a child.
Increasing Child Share in Poverty
- The proportion of children among the extremely poor rose from 47.3 per cent in 2013 to 52.5 per cent in 2022.
Continuous Assessment
- This is the third joint assessment by the World Bank Group and UNICEF, with a new global poverty line of $2.15 introduced in mid-September 2022, using updated data from the World Bank’s Poverty and Inequality Platform.
Child Poverty Disparities
- Child poverty exhibits a stark disparity, with 9 per cent of children in extreme poverty compared to 6.6 per cent of adults. Children comprise over half of the extreme poor, constituting 31 per cent of the total population.
Child Poverty in India
- India struggles with child poverty, with 11.5 per cent of children living in impoverished households, translating to a staggering 52 million Indian children.
Age-Related Poverty Disparities
- Among children, those aged 0-5 have the highest poverty rate, with 18.3 per cent (99 million children) living in extreme poverty. Child poverty is more severe compared to adults.
Regional Concentration
- Child poverty is concentrated in sub-Saharan Africa and South Asia, accounting for 90 per cent of the world’s impoverished children. Sub-Saharan Africa has the highest child poverty rate globally at 40 per cent.
Pandemic Impact
- Child poverty decreased globally until the COVID-19 pandemic disrupted progress, causing a notable increase in 2020. Reductions resumed in 2021 but did not match pre-pandemic rates.
Challenge:
- Persistent child poverty challenges the global commitment to eliminate extreme poverty by 2030 (Sustainable Development Goals).
Solutions:
- Education: Investing in quality education and vocational training to equip children with skills for better economic opportunities.
- Nutrition and Healthcare: Ensuring access to nutritious food, healthcare, and clean water to improve child well-being.
- Social Protection: Implementing social safety nets and financial assistance programs for vulnerable families.
- Regional Development: Focusing on economic development and infrastructure in regions with high child poverty rates.
- Global Collaboration: Encouraging international cooperation and funding to combat child poverty on a global scale.
Child poverty is a pressing global issue that requires immediate attention and collective action. The assessment underscores the importance of developing and implementing strategies to lift children out of poverty, contributing to the broader goal of eradicating extreme poverty worldwide.
SOURCE: https://www.unicef.org/documents/child-poverty-trends
download Yojna daily current affairs eng med 18th Sep 2023
Q.1 Global Trends in Child Monetary Poverty assessment is published by:
(a) IMF
(b) WEF
(c) UNDP
(d) UNICEF
ANSWER: D
Q.2 Consider the following statements
- Sub-Saharan Africa and South Asia account for 90 per cent of the world’s impoverished children.
- Extreme poverty is more prevalent in children than in adults
Which of the statements given above is/are correct?
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
ANSWER: C
Q.3 Discuss the impact of child poverty on achieving global sustainable development goals and outline potential strategies that can be employed to alleviate child poverty on a global scale.
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