Poverty Assignment by Huang Ziqian
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Microfinance, self-employment to curb poverty, says IFC

As the country’s population grows, the need to create more jobs intensifies.

And countries like the Philippines may get to address this need, as well as that of poverty reduction, by widening people’s access to finance and supporting self-employment in low-income areas such as agricultural villages, according to a study released by the International Finance Corp. (IFC).

The world needs to create 600 million new jobs to support a surging population and yet, there are currently 200 million unemployed (mostly women and young people living in developing countries), said the IFC, a unit of the World Bank group focused solely on the private sector.

“The private sector provides 9 out of 10 jobs in developing countries, and therefore plays a key role in creating the new jobs needed and fostering growth. It is crucial to understand the constraints that prevent the private sector from growing and generating jobs. Governments and development finance institutions must help build an environment where these constraints are minimized or removed,” the IFC said.

Among the sectors, services has grown the most, followed by manufacturing. The agricultural sector, on the other hand, shows a steady decline, the report said.


Via W. Robert de Jongh
Huang Ziqian's insight:

From this article, I have known that microfinance can reduce poverty because it decreases inequality and gives low-income people to basic financial services. Nowadays, one of the most important problems that people living in poverty are facing is unemployment. Self-employment can reduce poverty for it provides the low-income people more opportunities to work and earn a living. Aside from microfinance, infrastructure investments are also effective in reducing poverty. Lacking of infrastructure hinders the development of lower-income countries because a country cannot develop well without basic amenities. Therefore, I think the support given by the government is necessary to reduce poverty. 

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Report Finds 400 Million Children Living in Extreme Poverty

The number of people living in extreme poverty around the world has sharply declined over the past three decades, but it still includes roughly 400 million children, or one -third of those living in such abysmal conditions, according a new World...

Via VERONICA LESTER
Huang Ziqian's insight:

Around one-third of people are living in extreme poverty around the world. According to the research, children accounted for one in three living in extreme poverty. Hearing children are experiencing poverty is  totally disturbing. Why are these children living in such conditions? Like us, they deserve good education, quality health care and so much more. The goal says that extreme poverty should end by 2030. However, this idea may not be so ideal. As a matter of fact, the reduction of poverty is more likely to be seen in middle-income countries. As for those lower-income countries, it is still a great challenge. From my point of view, the world might have paid too much attention to how to reduce poverty. In fact, it may be useful if the developed countries could also help out the developing countries. To reduce the rate of poverty, it is essential to focus on agriculture and access to basic services. For instance, It would be meaningless if we focused on developing modern technology when a country does not even has access to electricity. In conclusion, the would must realise the importance of accelerating the pace of poverty reduction and take measures to solve the problems.

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Mirzan Hyder's curator insight, January 26, 2014 7:53 AM

I knew that alot of people are suffering from poverty around the world. But i did not know that roughly 400 million CHILDREN are suffering in poverty! I feel that we need to play a part in helping those people suffering in poverty. Every cent counts. So, we need do help as much as we can. We are born more luckier and healthier than them.Poverty is like a diesease. its spreading through out the world. And the thing is, how should we stop it from spreading? This is what it puzzles me.

 

Jia Hui's curator insight, January 26, 2014 1:09 PM

My insights using (See-Think-Wonder, 4Cs, Step Inside or Reporter’s Notebook ) thinking routines:

As many of us are living comfortably, we should also think and spare a thought for the children living in extreme poverty. In this world of ‘darkness and suffer’, many children died because of the lack of food, therefore before we throw leftovers of our food, we should often reflect and think about these poorer children. After learning more about the poverty around the world from this article, I feel that we learn to feel fortunate and be satisfied with what we have and not always complaining about not having what we want.

Wen Shi's comment, January 28, 2014 6:43 AM
I was shock to hear that one third of the world population are in poverty which means that one out of three people are suffering from poverty! And there are 400 millions kids who live in extreme poverty! I used to think that most of the people who live in the world are happy and can be able to have a normal life. However, the fact turns out to be so different from what i thought. The poor kids who do not have food or drinks or education, who are born to have no parents...... They lives are miserable comparing to ours! So why are we keep complaining we do not have the life we want? We should be satisfied and be thankful that we are not one of the 400 million.
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America's Poverty-Education Link

America's Poverty-Education Link | Poverty Assignment by Huang Ziqian | Scoop.it

The link between poverty and education can be seen at all educational levels. From the earliest stage, pre-primary education, poorer Americans start disadvantaged.

 

America, the land of opportunity, needs to create those opportunities for all its children.


Via Mel Riddile
Huang Ziqian's insight:

From this article, I can see that poverty is closely associated with education. The locally driven funding was supposed to help all students to receive good education. However, It causes more disadvantages to poorer students. When the poorer students cannot encounter top teachers or standard facilities, how can they receive good education? Obviously, this could not help the poorer students as the they would definitely get lower results than the others. Besides, the high cost of higher education stops more poorer students from getting into college. The policies were meant to help the poorer, but the poorer students still cannot be well-educated. I think the government should make more effective policies to solve this problem. For example, the poorer students should also be studying in school that have standard facilities and good teachers. Only if the poorer can be educated like the others, the rate of poverty will be more likely to be reduced.

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L.Divyaasri's curator insight, January 20, 2014 11:21 AM

This article shows the connection between education and poverty. Poorer Americans start pre-primary disadvantaged. They have 20% lower enrollment than normal kids. Pre –primary reduced the rate of crime. Low income neighborhood preschoolers were shown to have one fifth chances of becoming chronic criminals compared to the matched control group. In the Programme for International Student Assessment exam, the US placed average to below average versus other developed countries in reading, science and math, but these average mask the influence of poverty.

Jesslyn Tan's comment, January 27, 2014 8:31 PM
I agree. The poor cannot receive much education because of the high cost of college prevents the poor students from receiving higher education. Hence, they will lose out to the middle class students. They will struggle when competing with the middle class students for jobs when they enter the society. I think that more measures should be made for these poor students to receive higher education, so that they will be able to find a decent job to at least earn a living for themselves. As education is the only way out of poverty, the poor should be given opportunities to receive enough education.