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STATISTICAL SURVEY ON PEOPLE AT RISK OF POVERTY OR SOCIAL EXCLUSION IN THE EUROPEAN UNION

Journal: The Journal CONTEMPORARY ECONOMY (Vol.4, No. 3)

Publication Date:

Authors : ;

Page : 81-90

Keywords : poverty; social exclusion; sustainable development; social inequality; international standards; ESG characteristics; globalization.;

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Abstract

The main aim of this research paper is to conduct a statistical survey on people at risk of poverty or social exclusion in the European Union. Poverty and social exclusion highlight multidimensional sociological aspects with significant implications for the level of economic growth and sustainable development, especially in the case of emerging countries. People at risk of poverty or social exclusion represent a vulnerable group of high risk but implementing sustainable public policies can be an effective solution in order to minimize or even to eradicate social inequalities. Moreover, the research article provides a comparative analysis of the concepts of relative poverty and absolute poverty based on a set of international standards. Legally, everyone has the right to an adequate standard of living and basic social protection. However, empirical results reveal significant differences between developed countries and developing countries in the European Union in terms of poverty or social exclusion.

Last modified: 2020-09-08 23:48:54