31280
Poorest Nations Battle Rising Rural Poverty
World Economy

Poorest Nations Battle Rising Rural Poverty

The world’s 48 least developed countries, described as the poorest of the poor, are fighting a relentless battle against rising rural poverty. More than two thirds of the population of LDCs live in rural areas, and 60% work in agriculture.
As a result, there is an urgent need for structural changes focused on the fight against poverty, says a new report released November 25 by the Geneva-based UN Conference on Trade and Development, IPS reported.
“This means developing the synergies between agricultural modernization and diversification of the rural economy.”
Currently, the total population of the 48 LDCs is estimated at over 932 million people.
UNCTAD’s Least Developed Countries Report 2015, subtitled “Transforming Rural Economies”, presents a road map to address rural poverty, lack of progress in rural transformation and the root causes of migration within and from LDCs.

 Migration Fuels Urbanization
The migration of poor people from the countryside into cities fuels excessive rates of urbanization in many of the 48 LDCs, while many international migrants come from rural areas, says the report.
The theme of World Food Day last October was “Social Protection and Agriculture: Breaking the Cycle of Rural Poverty:” in line with FAO’s annual State of Food and Agriculture report that called for “sustained private and public investments and social protections for the rural poor.”
Rural women, the majority of whom depend on natural resources and agriculture for their livelihoods, make up over a quarter of the total world population, according to the United Nations.
And in developing countries, rural women represent approximately 43% of the agricultural labor force, and produce, process and prepare much of the food available, thereby giving them primary responsibility for food security.

 Poor Deprived
Since 76% of the extreme poor live in rural areas, rural women are critical for the success of the new Sustainable Development agenda for 2030, according to the United Nations.
The eradication of poverty by 2030 is one of the main objectives of the Sustainable Development Goals, adopted by world leaders last September.
Gauri Pradhan, the Nepali-based, International Coordinator of LDC Watch, an umbrella group of NGOs in LDCs, told IPS the means of Implementation in the SDGs is key to transforming rural economies and enhancing productive capacity in LDCs, which is primarily based on agriculture.
SDG 2a recognizes this, and “it is imperative that we have both international cooperation and effective domestic measures that focus on LDCs,” he said.
SDG2 calls to end hunger, achieve food security, improve nutrition and promote sustainable agriculture.
The LDCs cover a wide range of countries, extending from Afghanistan, Angola and Bangladesh to Vanuautu, Yemen and Zambia.
Of the 48 LDCs, 34 are in Africa, including Benin, Burkina Faso, Central African Republic, Democratic Republic of Congo, Ethiopia, Gambia Sudan and Uganda, among others.

  Improvement Seen
Since the LDC category was initiated by the UN General Assembly in 1971, only four countries have graduated to developing country status based on their improved economic performance: Botswana in 1994, Cape  Verde, in 2007, Maldives in 2011, and Samoa 2014.
At least two more countries—Equatorial Guinea and Vanuatu–are expected to graduate in the coming years.
UNCTAD recommends placing more importance on non-farm rural activities instead of primarily focusing on increasing agricultural productivity, as well as increasing the production of higher-value agricultural products.
Since 2012, economic growth in LDCs has continued to slow, reaching 5.5% in 2014 as compared to 6.1% in 2013.
Demba Dembele, LDC Watch President based in Senegal, told IPS the UNCTAD report comes at a time when agricultural policies and migration issues are high on the African agenda, with a recent African Development Bank Conference on African agricultural policies, and an Africa-European Union Summit on Migration.
“So it is hoped that this report will give direction on how to deal more effectively with these issues, particularly in Africa”, he added.

 

Short URL : http://goo.gl/0GDMaK
  1. http://goo.gl/tFwFVF
  • http://goo.gl/t4Y7l8
  • http://goo.gl/mlZseO
  • http://goo.gl/64pbuV
  • http://goo.gl/jbxugn

You can also read ...

The S&P Mumbai Stock Index Sensex shed 73.88 points or 0.21% and closed at 35,548.26 while the Nifty50 index dropped by  17.85 points or 0.17% and settled at 10,799.85.
It is expected that the latest installment of concerns over...
Markets in Argentina, Brazil and Turkey took  the biggest hits from the fed rate hike.
Higher US rates are rattling many emerging markets in much the...
Copper Slips to 2-Week Low
Copper eased for a third session on Monday on fears trade...
JPMorgan argues the record levels of debt in the US are a clear late-cycle indicator—and sees tough times ahead, at least in credit markets.
It seems like every time Joseph Harvey opens the Wall Street...
New Zealand Economy Facing Headwinds
New Zealand’s economic growth is expected to have slowed...
Without users, it would simply be a worthless token.
Cryptocurrencies are not scalable and are more likely to...
Egyptian Lawmakers Decry Sisi Gov’t Economic Reforms
A group of Egyptian lawmakers on Sunday criticized recent...
Turkey Jobless Rate Falls to 10.1%
Turkey’s unemployment rate stood at 10.1% in March, falling 1....

Trending

Googleplus