The paper "The Progress Made by Developing Countries in Achieving the Millennium Development Goals" is a great example of a report on macro and microeconomics. The millennium development goals (MDGs) are a set of ten time-bound targets that were agreed upon by heads of the United Nations (UN) member states and adopted in a UN Millennium Summit in 2000. The targets were organized into eight priority areas in 2001. The goals were meant to be achieved by December 31, 2015. However, from different reviews carried out by experts and non-experts, most of the goals will remain unmet when the deadline expires.
All the eight goals were meant to provide a framework for development especially for the developing countries (McArthur, 2013). Yet, when they were agreed upon, the UN member states did not agree on a plan or a budget for achieving the MDGs. Each country was therefore left to figure out how it would achieve the MDGs. This paper will review the progress of the developing countries in three MDGs namely poverty alleviation, promoting education, and improving health in East Asia and Sub-Saharan Africa regions. MDGs’ progress Prior to 2000, the world lacked a common framework for enhancing development (McArthur, 2013).
Yet, the world, and especially the developing countries, was increasingly facing social and economic challenges. In Africa for example, McArthur (2013) notes that life expectancy was dropping, child mortality was on the rise, poverty was also on the rise and there was a generation that had stagnated. In Latin America and Asia, growing inequality and economic crises were also threatening the economic and social stability of both regions (McArthur, 2013).
However, with the adoption of MDGs in 2002, there was a glimmer of hope that indeed, a change for the better would be realized. Poverty Alleviation One of the critical MDGs was poverty alleviation, and by 2005, Sachs and McArthur (2005, p. 348) noted that there was quite a great disparity in attaining this MDG in Asia and Sub-Saharan Africa. The two authors noted that Asia was performing impressively in poverty alleviation, while Sub-Saharan Africa was still lagging behind. At the time, Sub-Saharan Africa was registering rising extreme poverty. As shown in the excerpt from Waage et al.
(2010) below, the poverty alleviation goal was supported by several targets, which included halving the number of people who live below the equivalent of one US dollar a day.
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