Tag Archives: poverty

Can Libra Alleviate Poverty in the Developing World?
By admin July 2, 2019

  In late June, Facebook unveiled its plans for a new blockchain-based currency, Libra. Expected to launch in 2020, Facebook claims that its new digital currency has the unique potential to advance financial inclusion and create economic opportunity for billions of people around the world.   So what sets Libra apart from existing cryptocurrencies and

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Flushing Out Poverty with a Hygiene Approach
By admin November 20, 2018

It’s easy to take toilet for granted. With the coming of the 6th World Toilet Day, the general public and development actors begin to realize that the sanitation crisis is far from being solved. One in five primary schools and one in eight secondary schools globally do not have any toilets, the group WaterAid said

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Is Universal Basic Income an Effective Way to Eliminate Poverty?
By admin November 7, 2018

The exponential advancement of computing power and artificial intelligence has galvanized heated debates on Universal Basic Income (UBI) in recent years. People are concerned that technology will take away low-paying human jobs and leave poor people worse off. UBI is seen by the Silicon Valley as one of the proposals to cure inequality and poverty

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Mobile Money and Financial Inclusion: A Long Way to Go
By admin October 23, 2018

Continuous efforts in improving financial inclusion have been paid off: the 2017 Global Findex database shows that 1.2 billion adults have obtained an account since 2011, including 515 million since 2014. During this period of time, the share of adults who have an account with a financial institution or through a mobile money service, rose

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Why Should the Reemergence of a Debt Crisis across Developing Countries Matter?
By admin August 14, 2018

With financial turmoil in Turkey rolling the country’s assets, elsewhere in the world the risks of the reemergence of a global sovereign debt crisis is looming. A new report by the International Monetary Fund (IMF) indicates that government debt in some of the world’s poorest countries is rising to risky levels.  Another study by the

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The Poverty-Environment-Development Nexus: Implications for Sustainable Development
By admin July 3, 2018

The Poverty-Environment Initiative, a global UN enterprise that supports country-led efforts to mainstream poverty-environment linkages, has produced exciting new knowledge drawn from the last ten years of specific UN interventions in 23 countries in Africa, Europe, Latin American and the Caribbean, Asia and the Pacific. The term ‘poverty-environment-development nexus’ refers to the mutually inclusive linkages

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NASCAR, Talking Animals, and Closing the Protection Gap
By admin February 22, 2018

Many Americans will recognize brand jingles, talking geese and gecko mascots, red umbrellas, and NASCAR race-car drivers endorsing insurance brands. These insurance companies provide help to individuals and businesses to manage and mitigate risks. The traditional insurance market operates as a pooling of resources (through premiums) from its policyholders and pays affected policyholders who experience

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MENA: The Final Mobile Money Frontier
By admin February 8, 2018

  The mobile money industry has had a fantastic decade. We have seen how one connected handset can transform the life of not just its owner, but also the lives of his or her family and broader community. A mere ten years after M-Pesa launched in Kenya, the mobile money industry now celebrates an impressive

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Child and Adolescent Pressures in Kenya
By admin August 22, 2017

More frequently, girls in Kenya have resorted to selling their bodies to provide for their families. Girls as young as 12 years old are participating in “survival sex” as drought and soaring food prices make living conditions exceedingly difficult. Child prostitution has long been an adversity for Kenya. In 2008 UNICEF estimated that 30 percent

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Venezuela: A Country in Chaos
By admin July 27, 2017

In 1953, LIFE Magazine referred to Caracas as “the capital of the opportunities in South America.” Throughout the 1950’s, 60’s and 70’s the Venezuelan capital flourished, as did much of the country, thanks in large part to the discovery of oil. The liquid gold transformed Venezuela into the richest country in Latin America and one

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Clean Water as a Means to Poverty Reduction
By admin March 23, 2017

March 22 is celebrated worldwide as International World Water Day. This year focuses particularly on wastewater, with the theme of this year asking, “Why waste water?”. According to the United Nations (UN), over 80 percent of all wastewater generated by human activities flows back to nature polluting environment. Currently 1.8 billion people use a source

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Climate Change Refugees
By admin January 24, 2017

In the country of Bangladesh, climate change is taking a toll on the population. Climate scientists have gathered that heat-trapping gases due to extreme burning of fossil fuels will begin to crank up the temperature, melting the earth’s ice and thus raising the sea levels. This leaves large areas without crops or agricultural supply as

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Human Trafficking is a Reality, and is Closely Tied to Poverty and Development
By admin November 14, 2016

  Even if it is something difficult to imagine, human trafficking is still a reality in 2016. According to a 2014 report by the United Nations Office on Drugs and Crime (UNODC), some 70 per cent of victims in the global trafficking trade are women (49 per cent) and girls (21 per cent). Apart from

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The Emerging Face of Extreme Global Poverty
By admin September 6, 2016

In a startling report issued by the United Kingdom-based think tank, Overseas Development Institute, over the next 14-years, Africa will make up almost 90 percent of extreme poverty among children worldwide – nearly a 40 percent increase from figures today. In other terms, one in five children in sub-Saharan Africa will be subjected to poverty

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The Future is Urban
By admin July 27, 2015

In the early nineteenth century, the age of industrialization brought about profound demographic and economic transformations across Europe and North America, most notably, in the increasing concentration of people in highly urbanized area. It became the phenomenon that defined the modern era and moved society to the next level of human development. It took less

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