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Global Governance and Poverty Reduction Through Millennium Development Goals: Some Regional Experiences

Global governance is a broad, dynamic, and complex process of interactive decision-making that is constantly evolving and responding to changing global circumstances. The incidence of poverty on cross border peace, development and the environment is obvious today. Also the consequences of poverty in terms of living conditions call for a unified action to tackle it. Recent research states that poverty is not simply a short fall of money, but also involves the constant day-to-day hard choices associated with poverty and in effect taxes an individual’s physical and mental resources. This cognitive tax, in turn, can lead to economic decisions that perpetuate poverty. To face the challenge, the United Nations MDGs suggests that the fight against poverty belongs to the pivotal political challenge of the 21st century involving a network of structures between governmental and nongovernmental actors at various levels in the field of poverty reduction. This perspective is making positive contributions with some regions in the world heading toward the achievement of the target. Even those countries in sub-saharan Africa where most of the global poor live and who are lagging behind, are making frantic efforts to do so, with the assistance of global bodies. The survey research design was used for the study. Data generated were statistically analyzed and it was found that global governance has strong positive relationship with poverty reduction.