Global Institutions Working for the Poor and Vulnerable

Abstract

Global Institutions: There is hardly a human activity nowadays which is not, to some extent, governed by the work of global institutions, which are also known as international institutions or international organizations. The fundamental principle regarding global institutions is that the member states and other entities specify the aims of the global cooperation and set rules that the signatories must observe in order to achieve them. In other words, global institutions can be defined as the institutions having more than one member state or other similar entity with common goals and objectives to support or protect specific causes, rights, and entitlements of the people around the world. Poverty: In general, poverty is defined as income shortage, and because of this, people experience scarcity or the lack of certain commodities that are required for the lives of human beings. Mostly, poverty is concerned with the economic state of a specific person, and this is termed as "absolute poverty." However, poverty is also concerned with different dimensions of the people's lives, and it has a relative character too. Poverty is a multidimensional concept and varies considerably depending on the situations. As a result, any deprivation of sound health, quality education, social equality, political freedom, and gender equality can also put people in poverty situations. Vulnerability: Vulnerability means the diminished capacity of a person or group of people to resist or cope with the impact of specific unfavorable conditions as a result of the impact of natural or human-made disasters or hazards. The concept of "vulnerability" is also very much relative and dynamic and in most cases associated with the poverty situations. People may also find themselves as "vulnerable" because of their age, income, gender, ethnicity, location, and social status. For example, women are more vulnerable in a natural disaster than men because of their physical construction and gender roles.