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Poverty: Causes and Cure

15 Mar 2017Economics Essays

Poverty is the condition for the greater number of people in every country and possibly in the whole world. Reasons why this happened have been asked a million times by many. The poor individuals have been blamed for their plight. Indolence, indecisiveness and lack of integrity are several causes that have been thrown at these poor people why they are experiencing poverty. Another cause is the government. Their implementation of certain projects and laws were being questioned as these seemed to impair the growth and progress of their country. These causes of poverty and unfairness are actually true. Though most of the time the more serious and pressing global causes of poverty are, it is not given adequate time to be discussed.

Emerging countries and their governments are compelled to unlock their systems to fight with one another and with more influential and developed countries. To draw ventures, unfortunate nations go into an escalating pursuit underneath to distinguish who can grant lesser standards, lower salaries and affordable raw materials. This has intensified poverty and disparity for the majority. Creating a structure called globalization. Thus, it preserves the notable disparity laws of exchange or business (Cantillon, B. and K. Van den Bosch., 2003).

Inequality is rampant globally while the world seems to revolutionize. The richest country even has the biggest difference between they wealthy and less fortunate weighed against other progressing nations. Majority of situations, world-wide politics and different fascination have guided to a distraction of presented supplies from household needs to outside business. In the past, political affairs and power play by the top leaders have intensified and heightened poverty and reliance. For that reason, poverty is not just an economic concern; it is also a matter of biased financial side or economics (Krishna, 2007).

The people feel the hunger not because of inadequate sources of food, or overpopulation, but because they are broke to pay for the food. Political affairs and economic circumstances have led to poverty and reliance around the world. Dealing with world hunger thus entails taking in hand world poverty at the same time. If production of food is doubled and is supplied to a greater number of individuals while the primary causes of poverty are not taken into consideration, hunger will still pursue for the people will not be able to pay for their food (Betti G. and Verma V., 1999).

Even non-emergency food assistance, which seems like a righteous cause, is disparaging, as it creates a low profit for farmers and can in due course, affect the whole economy of a poverty-stricken nation. If the more underprivileged countries are not given the ample resources to produce their own food and other items then poverty and reliance may continue (Cohen, M. 1998).

Leaders from wealthy nations tell poverty-stricken countries that help and credit will only be provided when they show they are stamping out corruption. As it certainly requires taking into effect, the wealthy countries themselves are often committed in the prevalent forms of corruption in those indigent countries, and a number of economic strategies they prescribed have aggravated the problem. Corruption in emerging nations surely must be on top of the priority list, but also it must be the main concern of first-world countries (Heuberger, R.,2003). Assets are the key to change poverty. Assets change attitude. Therefore, the key to change poverty is to change attitude (cited in The Power to Change Hunger Results, 2007). Stable work, adequate human resources, and access to insurance benefits intensify the possibility of preventing poverty.

Works Cited

  • Betti G. and Verma V. 1999. Measuring the degree of poverty in a dynamic and comparative context: a multi-dimensional approach using fuzzy set theory. Proceedings, ICCS-VI, 11, pp. 289 301, Lahore, Pakistan.
  • Cantillon, B. and K. Van den Bosch. 2003. Social Policy Strategies to Combat Income Poverty of Children and Families in Europe. Maxwell School of Citizenship and Public Affairs working paper no. 336 (January 2003), Syracuse University, New York.
  • Cohen, Marie. March, 1998. Welfare Information Network Issue Notes: Education and Training Under Welfare Reform. 
  • Escaping Poverty: Building Assets for the Poor. August 2007. The Power to Change

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