Analysis Of Jeffrey Sachs’s Big Push Theory: Indonesian Case

Abstract

The first thing mentioned in Sustainable Development Goals (SDGs) is to end poverty in all its forms everywhere. Every year, many institutions release their global poverty reports to emphasize that eradicating poverty is a never-ending battle. United Nations (2021) on their SDGs report stated that before the COVID-19 pandemic, the share of the world’s population living in extreme poverty fell from 10.1 per cent in 2015 to 9.3 per cent in 2017. This means that the number of people living on less than $1.90 per day dropped from 741 million to 689 million. However, the rate of reduction had slowed to less than half a percentage point annually between 2015 and 2017, compared with one percentage point annually between 1990 and 2015. The pandemic has compounded the threats to progress raised by conflict and climate change. Estimates suggest that 2020 saw an increase of between 119 million and 124 million global poor, of whom 60 per cent are in Southern Asia. Nowcasts point to the first rise in the extreme poverty rate since 1998, from 8.4 per cent in 2019 to 9.5 per cent in 2020, undoing the progress made since 2016. The impacts of the pandemic will not be short-lived. Based on current projections, the global poverty rate is expected to be 7 per cent (around 600 million people) in 2030, missing the target of eradicating poverty. From this fact we can learn that many countries are still trying to regain their stability due to global pandemic. Some sectors could perform new strategies adapting to new normal but the others collapsed. ...