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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

Subject Heading: CHALLENGES OF GLOBALIZATION

JEL Classification: I38, O11,P36

Pages: 2785–2806

https://doi.org/10.24891/fc.27.12.2785

Eka R. ERMAKOVA National Research Ogarev Mordovia State University (MRSU), Saransk, Republic of Mordovia, Russian Federation
eka-tsulaya@yandex.ru

https://orcid.org/0000-0001-8464-9605

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

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

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