How does poverty affect worldwide development and the use of the Millennium Development Goals?
The Millennium Development Goals (MDG’s) are a group of goals created by the U.N, set to be achieved globally by 2015. There are eight different goals ranging from Gender Equality to Environmental Sustainability. The first goal is ‘To eradicate Extreme Poverty and Hunger’ and more specifically, Halve, between 1990 and 2015, the proportion of people whose income is less than $1 a day. By 2005, the global poverty rate declined from 46% in 1990 to 27%. Also, the number of people in developing regions living on less than $1.25 (US) a day declined from 1.8 billion in 1990 to 1.4 billion in 2005. This was very encouraging to the U.N. but then, the financial crisis hit. The economic crises sparked large declines in exports and slowed trade worldwide. Thankfully, the overall poverty rate is still expected to fall to 15 per cent by 2015.This translates into around 920 million people living under the poverty line which is half the number in 1990.
Singapore is most certainly a developed country as it has a booming economy and has completed every MDG. When the Millennium Development Goals were created in 2000, Singapore was already a very developed country and one of the biggest powers in Asia.
One of Singapore’s main trades is tourism, and in 2010, Singapore welcomed 11.6 million visitors, which generated 18.8 billion dollars. In the Travel and Tourism Competitiveness Report released by the World Economic Forum, Singapore emerged top in the Asia-Pacific region, and was ranked 10th out of 139 world economies for competitiveness of the tourism sector. This just goes to show that Singapore is a key player in the world tourism sector and is up the top with Switzerland, Germany, France and Canada. There is very little data about poverty in Singapore as it can only be found in a small number of cases rather than tens of thousands of people. That being...