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Global Poverty And Economic Growth

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❶This means that the local population do not benefit from the expansion of business. Economists agree that economic growth focuses on expansion of Gross National product or the aggregate productivity of a country or a selected economic zone.

Poverty was identified by the United Nations early this century as the first of the Millennium Development Goals MDGs that each country was to work towards eradicating by Statistically, this goal still seems a long way off going by current indicators. There are various causes that have been identified as contributing to global poverty.

From a historical perspective, most poor countries were vassals of the great colonial powers of the 19th and 20th centuries. At independence, exit strategies by the colonial masters resulted in geographical boundaries that were inspired more by politics than the creation of new states. Also, the newly independent countries were also denied fair representation in international negotiations either by exclusion or lack of capacity.

Global trade rules have obstructed developing countries from reproducing proven models of industrialization with Agriculture, a mainstay of most African economies, being impeded by massive subsidies. Many developing countries have been architects of their own misfortune with self perpetuating kleptomaniac governance which fails to invest in agriculture. The broader lack of institutional capacity and infrastructure hinders delivery of aid programmes and business investments and is responsible for perpetuating global poverty.

However, two countries with the largest populations in the world i. India and China have adopted national poverty lines which are even lower. China accounted for million of this reduction implying that poverty had increased elsewhere within the period e. Another reason that calls for the eradication of global poverty lies in self interest as in a globalized world, countries large and small are interdependent.

Extreme poverty leads to international labor migration which on its own can lead to other problems such as spread of disease. International solutions to global poverty include anti-poverty campaigners pressing rich governments to honor promises made in the Millennium Declaration, lobbying for the removal of agricultural subsidies that protect rich farmers at the expense of poor ones.

Countries should also be at the fore front of embracing MDG programs so as to build capacity of national and provincial institutions. Two countries with the greatest success in poverty reduction are China and Vietnam even though their strategies are often at odds with western models. The most common reasons for the poverty in countries can be:.

There are also some deeper causes like history, wars and political instability, national debt, discrimination and social inequality, corruption, social inequality, and this is not a complete list. There are a lot of negative effects that poverty has. In the poor districts, the crime rate is much higher, and the accidents of poisoning by water or food are more frequent in poor countries as well. People, who do not feel safe, are always anxious, nervous and intense. Trying to relieve these negative feelings, they start alcohol or other substances abusing.

All these factors make a vicious cycle that is difficult to unlock. The state has to take drastic measures to help the people, who are already suffering and improve the state of the people, who are on the verge of it. The first step to eliminating or, at least, reducing the poverty is to realize the existing problem. Unfortunately, the authorities always try to avoid noticing this in order not to make any actions.

They have to find exact causes of the problem and assess the complexity of a current situation. Economists argue that ideal economic growth should integrate economic development if substantial changes are to be realized. The failure to integrate social factors in growth is evidenced in economically advanced nations such as China which have a good number of people living below the global poverty line. The annexation of social benefits in economic growth can be expressed in terms of improved interest rates, low inflation rates and employment.

As stated above, economic growth does not necessarily incorporate poverty reduction motives; however, typical aspects such as expansion of firms and industries leads to increased opportunities of business and other spillover effects. It is thus worthwhile to say that economic growth has impact on poverty reduction though at controlled scenarios. If you have a suggestion, want to join our editorial team or have a guest post offer, feel free to email us at info[at]pendragonsociety.

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Global Poverty Essay Words | 3 Pages. Poverty is defined as "the state of being poor; lack of the means of providing material needs or comforts.(" More children live in poverty in the United States than in any other developed country (p. , Parrillo). Generally, poverty is blamed either on the individual or the system.

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Extreme global poverty is a problem that affects a large percentage of the world's population and will continue to spread until serious action is taken against it by the wealthier nations.

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Global Poverty is caused by many factors which include, but are not limited to, governance factors, environmental factors, and demographic and social factors. One of the other main factors of global poverty is the debts of nations. Global Poverty Essay example Words | 5 Pages. Poverty has become a crucial fact worldwide and has a great influence on economic development. Foreign aid from wealthy regions has been dedicated to reducing poverty. Before delving into the argument, it is necessary to clarify the term “western countries” and “global poverty”.

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Poverty, a Global Issue. By: cobby E-mail: [email protected] The Poverty Poverty is a global problem, and it has existed from the beginning of civilization. Hunger, . Global Poverty and Global Politics Essay - Global poverty is assessment as the state of individual having scarcity of material possessions, or capital. Poverty or hardships refer to the lack of human basic needs, which involves food, water, sanitation, clothing, shelter, health care and education.