+7 925 966 4690, 9am6pm (GMT+3), Monday – Friday
ИД «Финансы и кредит»






Finance and Credit

Poverty as a global problem of humankind

Vol. 27, Iss. 12, DECEMBER 2021

Received: 18 October 2021

Received in revised form: 1 November 2021

Accepted: 15 November 2021

Available online: 27 December 2021


JEL Classification: I38, O11,P36

Pages: 2785–2806


Eka R. ERMAKOVA National Research Ogarev Mordovia State University (MRSU), Saransk, Republic of Mordovia, Russian Federation


Dar'ya V. VASHURKINA National Research Ogarev Mordovia State University (MRSU), Saransk, Republic of Mordovia, Russian Federation

ORCID id: not available

Subject. This article considers poverty as a global economic problem and explores its level in the countries of the world.
Objectives. The article aims to conduct a comparative analysis of the level of poverty of the population in the countries of the world according to international and national criteria.
Methods. For the study, we applied a comprehensive approach using comparison, analysis and synthesis, and the normalized estimate method.
Results. A comprehensive study of poverty shows that the phenomenon of poverty is inherent in all economies of the world, and the situation of the poor is deteriorating and complicated by the spread of the COVID-19 pandemic.
Conclusions. The activities of international organizations to overcome poverty bring good results – the percentage of the population in the countries of the world beyond the threshold of extreme poverty is decreasing. Overcoming the problem of hunger and extreme poverty, countries face a new challenge, namely, ensuring a decent standard of living and establishing adequate national criteria for the poverty line.

Keywords: socio-economic development, poverty, absolute poverty, relative poverty


  1. Kormishkin E.D., Kormishkina L.A., Koloskov D.A. et al. Fenomen sotsial'no-ekonomicheskogo neravenstva: vzglyad v kontekste neoindustrial'noi paradigmy sovremennogo razvitiya [The phenomenon of socio-economic inequality: a view in the context of the neo-industrial paradigm of modern development]. Saransk, RITs MGPU Publ., 2020, 202 p.
  2. Smith A. Issledovanie o prirode i prichinakh bogatstva narodov [An Inquiry into the Nature and Causes of the Wealth of Nations]. Moscow, Eksmo Publ., 2007, 960 p.
  3. Ricardo D. Sochineniya, vol.1. Nachala politicheskoi ekonomii i nalogovogo oblozheniya [Essays. Vol. 1. On the Principles of Political Economy and Taxation]. Moscow, Gospolitizdat Publ., 1955, 360 p.
  4. Malthus T.R. Opyt o zakone narodonaseleniya [An Essay on the Principle of Population]. Moscow, Direktmedia Pablishing Publ., 2008, 452 p.
  5. Marx K. Kapital [Das Kapital. Kritik der politischen Ökonomie]. Moscow, Gospolitizdat Publ., 1955, 2230 p.
  6. Sachs J.D. Konets bednosti: ekonomicheskie vozmozhnosti nashego vremeni [The End of Poverty: Economic Possibilities for Our Time]. Moscow, Gaidar Institute Publ., 2011, 424 p.
  7. Sen A. Poverty and Famines: An Essay on Entitlement and Deprivation. Oxford, Clarendon Press, 1981, 265 p.
  8. Banerjee A.V., Duflo E. Poor Economics: A Radical Rethinking of the Way to Fight Global Poverty. New York, PublicAffairs, 2011, 320 p.
  9. Banerjee A.V., Duflo E. Good Economics for Hard Times: Better Answers to Our Biggest Problems. New York, PublicAffairs, 2019, 432 p.
  10. Duflo E. Human Values and the Design of the Fight Against Poverty. Cambridge, MA, Massachusetts Institute of Technology, 2012, 56 p. URL: Link
  11. Carter M.R., Ikegami M. Looking Forward: Theory-Based Measures of Chronic Poverty and Vulnerability. In: Addison T., Hulme D., Kanbur R. (eds). 2009. Poverty Dynamics: Interdisciplinary Perspectives. Oxford, UK, Oxford University Press, 2009, pp. 128–153. URL: Link
  12. Bobkov V.N., Odintsova E.V., Bobkov N.V. [Relevance of developing a national programme to increase income, reduce poverty and inequality]. Uroven' zhizni naseleniya regionov Rossii = Living Standards of the Population in the Regions of Russia, 2020, vol. 16, no. 2, pp. 9–24. (In Russ.) URL: Link
  13. Ovcharova L.N. [Theoretical and methodological issues of definition and measurement of poverty]. SPERO. Sotsial'naya politika: ekspertiza, rekomendatsii, obzory, 2012, no. 16, pp. 15–38. (In Russ.) URL: Link
  14. Rimashevskaya N.M., Bochkareva V.K., Volkova G.N. et al. Regional'nye osobennosti urovnya i kachestva zhizni: monografiya [Regional features of the level and quality of life: a monograph]. Moscow, M-Studio Publ., 2012, 392 p.
  15. Glaz'ev S.Yu., Shchipkov A.V. Ekonomika i obshchestvo: monografiya [Economics and society: a monograph]. Moscow, Prospekt Publ., 2021, 192 p.
  16. Kormishkina L.A., Kormishkin E.D., Ermakova E.R., Koloskov D.A. An Approach to Assessing the National Multidimensional Poverty Line in Russia. Journal of Eastern European and Central Asian Research, 2021, vol. 8, no. 3, pp. 324–336. URL: Link
  17. Aganbegyan A.G. O prioritetakh sotsial'noi politiki [On the priorities of social policy]. Moscow, Delo Publ., 2018, 509 p.
  18. Piketty T. Capital and Ideology. Cambridge, Massachusetts, Harvard University Press, 2020, 1104 p.

View all articles of issue


ISSN 2311-8709 (Online)
ISSN 2071-4688 (Print)

Journal current issue

Vol. 28, Iss. 6
June 2022