The past 15 years saw the most rapid decline in global poverty ever, with the Millennium Development Goals (MDG) of halving the global poverty rate reached several years ahead of schedule. The world is shifting from an era where poverty was concentrated in large, rapidly growing economies to an era where poverty will increasingly be concentrated in a number of smaller economies facing deeper structural challenges. SOTCs are now the heart of the development challenge and should be the focus of the international community’s attention. They have a goal of ending poverty in the toughest places. The other goal that they have is to end extreme poverty everywhere by 2030.
My thoughts on this are that it is an amazing goal to try to accomplish. It is a goal that will change the world if it ends with success. Something I feel like won’t happen is that we won’t be able to end all poverty to 2030. We need many more decades or even centuries to be able to pursue that goal.