Global poverty refers to the widespread lack of basic necessities—such as food, shelter, healthcare, and education—affecting millions, especially in developing countries. It is commonly measured by the number of people living below the international poverty line, currently set at $2.15 per day (2017 prices), known as extreme poverty.

Key Types of Poverty:

• Extreme Poverty: Living on less than $2.15/day.

• Multidimensional Poverty: Involves lack of access to education, health services, sanitation, etc.

• Relative Poverty: Defined in relation to societal standards, even when basic needs are met.

Key Aspects:

• Economic Inequality: A wide gap between rich and poor countries.

• Limited Resources: Poor access to essentials like clean water and schooling.

• Social & Political Barriers: Instability, discrimination, and lack of opportunity worsen poverty.

Consequences:

• Poor health, low literacy, higher crime, and risk of social unrest.

• Affects global stability and contributes to migration.

Measurement:

• World Bank tracks poverty using income-based lines.

• Multidimensional Poverty Index (MPI) assesses deprivation across several factors.

Trends:

• Global poverty rates have declined, but the absolute number remains high.

• Children are disproportionately affected.

• Economic growth, education, and technology access help reduce poverty.

In short, global poverty is a complex, multidimensional issue that continues to challenge development worldwide.