POVERTY AS A CHALLENGE AND EFFICIENCY OF THE SOCIAL INSURANCE
Keywords:
The extreme poverty, understanding of the poverty, social risks, insurance, sustainable development, social protection and promoting employmentAbstract
Even with today's scientific and technological progress, humanity is faced with such an unsolvable problem as extreme poverty and hardship. Poverty has been named as the first out of the top 10 global challenges by the United Nations in 2024. About 10% of the world population still remains in extreme poverty. More than 600 million people consume less than 2 $ per day. Despite the impressive economic growth of the individual countries, it has not been possible to overcome poverty completely.
The research discusses the root causes of the poverty and ways of overcoming poverty based on those causes which can play the crucial role. It overviews the social programs aiming elimination of the poverty and the gaps preventing achievement of the relevant results are also identified.
The measures which will mitigate the impact of the poverty on wellbeing significantly are also recommended, which will create pre-condition for plan and implement targeted programs in case of strong state institutions, reduce the social disbalance between the social strata of the population and eliminates extreme poverty in the society.
