Today, 805 million (1 in every 9) people today are undernourished, and approximately 2 billion suffer from micronutrient de
ficiencies (vitamin and mineral deficiencies). By 2050, the world population is expected to reach 9.6 billion, and food being a vital resource, will have to be provided safely, sufficiently, with adequate nutritional value. How do we plan on feeding the future?
The prevalence of poverty is the biggest socio-economic challenge that world has to deal with. As the world population is increasing at the exponential rate, the rate of poverty is increasing proportionally. Poverty could be characterized with the following Macroeconomic and Microeconomic indicators such as Income Levels, Education levels, Unemployment Rates, Purchasing Power Parity, Social Development, and Deficit balances of Trade .According to the (The World Bank, 2011) 14.5 percent of world population is characterized as poor . The indicator that World Bank has used for data collection is Income levels and the people who live on less than $1.45 a day.
Extreme poverty was originally defined by the United Nations in 1995 as “a condition characterized by severe deprivation of basic human needs, including food, safe drinking water, sanitation, health, shelter, education and information. It depends not only on income but also on access to services.” Currently, extreme poverty widely refers to earning below the international poverty line of a $ 1.25/day in 2005 prices), set by the World Bank. This measure is the equivalent of earning a $1.00 a day in 1996 US prices, hence the widely used expression, living on “less than a dollar a day”. The vast majority of these in extreme poverty-96%- reside in South Asia, Sub-Saharan Africa, East Asia and the Pacific; nearly half live in India and China alone.
The reduction of eradicating extreme poverty and hunger was the first Millennium Development Goals (MDGs 1), as set by 189 United Nations member state in 2000. Specifically, MDG1 set a target of reducing the extreme poverty rate in half by 2015, a goal that was met 5 years ahead of schedule with the expiration of the MDGs fast approaching, the international community, including the UN, the World Bank and the US, has set a target of ending extreme poverty by 2030.