Poverty is a big problem worldwide, affecting both rich and poor countries. Economists have been studying this issue since the 1950s, but there are still flaws in how we try to help poor people. We need to focus on political and economic factors, and on sharing wealth from the rich to the poor. Governments should create policies that help raise the living standards of the poorest people, in both rich and poor countries. If we don't take action to reduce poverty, the consequences could be very serious and hard to fix.