Millennium Development Goals

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Eradicate extreme hunger and poverty:

Target: Halve the proportion of people whose income is less than $1 a day. Achieve full and productive employment and decent work for all. Halve the proportion of people who suffer from hunger

Has it been achieved?

Extreme poverty rates have fallen in every developing region - 700 million fewer people lived in extreme poverty in 2010 than in 1990 however 1.2 billion people still live in poverty

The proportion of undernourished people has decreased from 23% in 1990-92 to 15% in 2010-12

South eastern Asia is the first region to reach hunger reduction targets - decreased from 29.6% to 10.9%

Number of unemployed people as increased by 28 million since 2007

Reduce Child Mortality:

Target: Reduce child mortality by two thirds between 1990 and 2015 for children under 5

Has it been achieved?

Worldwide mortality rates for children under 5 dropped by 4.7% from 90 deaths per 1000 in 1990 to 48 deaths per 1000 in 2012

Develop a global partnership for development:

Target: Deal with developing countries debt. Develop open, role based, predictable, non discriminatory tracking and financial system

Has it been achieved?

G20 resisted creating new trade barriers

Remittance flows to LEDC's are increasing - 5.3% increase over 2011

World Bank committed $52.6 billion in loans, grants, equity investment and guarantees to help promote economic growth

83% of LEDC exports enter MEDC's duty free

Successes:

Poverty has reduced by 47% globally

Significant funding being provided by the big players e.g. USA

TNC's expanding provides jobs and drives the economy

Average European $100 a year

Failures:

Sub Saharan Africa - still lingers behind - poor political choices

Aid levels still very low - 0.3% (target of 0.7%)

Rate of progress is too slow

Rules of the game are stacked against poor countries e.g. IMF, WB

Girls in Sierra Leone waiting for government to provide social housing for girls out of brothels

Divide between large scale and grass roots specific

Governance accountability

$1 trillion a year lost to corruption

TNC's exploiting cheap workforce

TNC's can hinder development by profiteering

Half of Americas aid is tied to purchase US goods (only give aid if they do/buy this)

60% of aid never hits the ground