Discussion on Ending Poverty
- Jeffery Sachs describes the Sustainable Development Goals (SDGs) as a world where economic progress is widespread, extreme poverty is eliminated, social trust is encouraged through policies that strengthen the community, and the environment is protected by human-induced degradation. Thus, SDGs envision economic prosperity, social inclusion and cohesion, environmental sustainability, and good governance by major social actors, including governments and business. SDGs also make sure that we’re not using up all of our resources now and leaving nothing for future generations. The effect of neoliberalism cutting government spending promoted by the World Bank and IMF hurts the poor and benefits large corporations and wealthy investors, A.K.A., the rich. But first I want to define neoliberalism. Liberalism is essentially no government interference in the economy. For example in trade, tariffs, commerce, or manufacturing. Overall, liberalism provides a “free market” that allow capitalists to make huge profits. (Martinez & Garcia, n.d.). The effect of this is wealth disparity, there is a huge gap between the top 1% and the poorest of the poor. This means greater poverty, hunger, lack of health care, insecurity, and death rates soaring. (“The Thistle”). Neoliberalism also has a dangerous effect on the environment because of the high energy consumption, fossil fuel consumption, and waste that negatively adds to global warming and climate change.
“2030 Agenda for Sustainable Development.” (n.a., 2017) United Nations Development Program
- John McArthur designates three “Players on the Bench” in his article. These three players are the United States, Washington and the World Bank. All three refused to acknowledge the Millennium Development Goals (MDGs), which McArthur says worked to cut the world’s extreme poverty in half by 2015. McArthur tells us that the U.S. did support global poverty by increasing their foreign aid by 50 percent. The U.S. created a program that gave greater access to AIDS treatment and they helped to decrease Malaria. But because the U.S. didn’t want to endorse the MDGs from the beginning McArthur criticizes them, “The United States missed an opportunity to highlight its contributions to development efforts and foster international goodwill.” McArthur criticizes Washington for not collaborating with the MDGs because “Washington missed easy opportunities to build political capital for solving much thornier and divisive international issues.” Lastly, McArthur criticizes the World Bank for not helping the poor countries realize how they could achieve the MDGs and notice donor financing gaps. He thinks the World Bank should have supported MDGs because there is an opportunity to have a greater budget in their International Development Association.
“Millennium Development Goals.” UN City Copenhagen
- The authors of the article “How to Help Poor Countries” talks about the question of more aid money and whether simply donating money is the best solution to ending poverty. The authors seem to think that donating money hasn’t been effective enough because the countries who receive the money don’t know how to handle and invest that money wisely. Aid money has helped in the past such as funding women’s contraceptives, ending smallpox, AIDS treatment, etc., but the authors point out that this aid money was successful only because it was narrowly tailored to specific goals. “Aid is only as good as the ability of a recipient’s economy and government to use it prudently and productively” (p. 7). The authors offer alternative suggestions to aid money. The first is to lift heavy price and trade burdens, especially for much-needed HIV/AIDS medicine. The authors suggest providing poor countries with enough space to create their own economic policy through autonomy and experimentation. They suggest that wealthy nations and international development organizations should not operate as if the right policies and institutional arrangements are the same across time and space. Wealthy countries need to also regulate their green house gas emissions because they burden developing countries more than any other countries by decreasing water supply and agricultural productivity. The authors suggest that wealthy nations take action against corrupt leaders, assist in research and development, and enhance global labor mobility. Wealthy countries can also encourage technological advances, prevent and resolve conflicts, and govern international economic institutions.
“What is Neoliberalism?” By E. Martinez and A. Garcia. http://www.corpwatch.org/article.php?id=376
“The IMF and the WORLD BANK: Puppets of the Neoliberal Onslaught.” The Thistle. http://www.mit.edu/~thistle/v13/2/imf.html