Poverty is now more of threat

Factors included more market income in the top percentages, a larger increase in wage rates for those at the top, increases in corporate pay, the expansion of technology disproportionately benefiting those at the top, increasing pay for those working in the financial and legal professions, the expansion of financial services, etc. As a result of that uneven income growth, the share of total after-tax income received by the 1 percent of the population in households with the highest income more than doubled between andwhereas the share received by low- and middle-income households declined…. The share of income received by the top 1 percent grew from about 8 percent in to over 17 percent in Inthe top 1 percent received about the same share of income as the lowest income quintile; bythe top percentile received more than the lowest two income quintiles combined.

Poverty is now more of threat

It is the percentage of persons unemployed those looking for work and temporarily laid off to the total economically active population 10 years and above. Vulnerable households are generally found to have low expenditure levels.

Households are considered vulnerable if they do not have the means to smooth out their expenses in response to changes in income. In general, vulnerability is likely to be high in households clustered around the poverty line.

Since coping strategies for vulnerable households depend primarily on their sources of income, exogenous shocks can increase reliance on non-agricultural wages. Such diversification has not occurred in many parts of Pakistan, leading to an increased dependence on credit.

Also, lack of adequate health care by the state lead the poor to seek private sources, which are expensive, but still preferable to the possibility of medical malpractice and being given expired medicines in state run medical facilities.

Poverty is now more of threat

Also, the failure by the state to provide adequate law and order in many parts of the country is a factor in the rise of vulnerability of the poor. Increasing pollution contributes to increasing risk of toxicity, and poor industrial standards in the country contribute to rising pollution.

Corruption and political instabilities such as the insurgency in Balochistan and decade long armed conflict with the Taliban in Waziristan region resulted in reduction of business confidence, deterioration of economic growth, reduced public expenditure, poor delivery of public services, and undermining of the rule of law.

The onset of military regimes have contributed to non-transparency in resource allocation. Those who do not constitute the political elite are unable to make political leaders and the Government responsive to their needs or accountable to promises.

Development priorities are determined not by potential beneficiaries but by the bureaucracy and a political elite which may or may not be in touch with the needs of the citizens.

Poverty is now more of threat

Political instability and macroeconomic imbalances have been reflected in poor creditworthiness ratings, even compared to other countries of similar income levels, with resulting capital flight and lower foreign direct investment inflows. The current government of Pakistan has professed commitments to reforms in this area.

This includes beggars and scavengers who are often very young. The law and order problem worsens their condition as boys and girls are fair game to others who would force them into stealing, scavenging and smuggling to survive. A large proportion consumes readily available solvents to starve off hunger, loneliness and fear.

Since, feudalism is rampant in such areas, people cannot acquire and hold land, which is one of the main sources of livelihood in rural agricultural areas of Pakistan. Inequality and natural disasters[ edit ] Main article: Abdullah Hussain HaroonPakistan's diplomat to the United Nationshas alleged that wealthy feudal warlords and landowners in Pakistan have been diverting funds and resources away from the poor and into their own private relief efforts.

The wealthy, with better access to transportation and other facilities, have suffered far less than the poor of Pakistan.UN News produces daily news content in Arabic, Chinese, English, French, Kiswahili, Portuguese, Russian and Spanish, and weekly programmes in Hindi, Urdu and Bangla.

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Inequality is the biggest threat to the world and needs to be tackled now The post agenda must ensure universal access to quality basic goods and services, and tackle earlier policy failures. The Poverty of Nations: A Sustainable Solution [Barry Asmus, Wayne Grudem, Rick Warren] on heartoftexashop.com *FREE* shipping on qualifying offers.

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Different poverty levels. Poverty lines shown here include $1 a day, $ a day, $ a day, $2 a day (typical for many developing countries), $ a day (which includes a poverty level for some additional countries), and $10 a day, which a World Bank report referred to if looking at poverty from the level of a wealthy country, such as the US.

Poverty in Pakistan has fallen dramatically, independent bodies supported estimates of a considerable fall in the statistic by the fiscal year, when it was estimated that % of the total population lived below the poverty line.

The declining trend in poverty as seen in the country during the s and s was reversed in the s by poor federal policies and rampant corruption.

Poverty Around The World — Global Issues