I thought this article was really interesting, and it goes right along with a lot of the books we read for our papers. In my book, Globalization and it's Discontents, many of the issues mentioned in this article were highlighted, such as rule of law, incentives systems, and reliable government programs. I think it is really important to understand what causes poverty. However, as I learned, government has not always been effective in implementing policies to alleviate it. Hopefully, with this new knowledge, we will be able to take larger steps towards reducing poverty.
It is important to define poverty before we can talk about the reasons causing it. Poverty in one part of the world may not necessarily be poverty in some other part of the world. For example, a person earning minimum wage in USA may be labeled poor whereas a person making the same amount of money somewhere else may be well off. Generally speaking, poverty is the lack of ability to be able to feed oneself and maintain a reasonable standard of living. The reasons for poverty around the world, as I see it are different. We can attribute poverty to one particular factor or reason. Technically speaking, it is the government who is ultimately responsible for the well-being of its citizens. Its inability to do so causes poverty and the effects are more drastic if there is a growing disparity between rich and poor within the same nation. Take for instance Pakistan. Due to high levels of corruption and a lack of opportunities for the youth, there is a rising level of inequality between the rich and the poor. It is a major concern which has not been dealt with in the past 60 or so years since Pakistan's independence. The only way to get rid of a nation's poverty or its ability to deal with it is to educate its citizenry. Take for example, nations like Sweden and Norway. A good model is based on a strong foothold of education and training.
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I thought this article was really interesting, and it goes right along with a lot of the books we read for our papers. In my book, Globalization and it's Discontents, many of the issues mentioned in this article were highlighted, such as rule of law, incentives systems, and reliable government programs. I think it is really important to understand what causes poverty. However, as I learned, government has not always been effective in implementing policies to alleviate it. Hopefully, with this new knowledge, we will be able to take larger steps towards reducing poverty.
It is important to define poverty before we can talk about the reasons causing it. Poverty in one part of the world may not necessarily be poverty in some other part of the world. For example, a person earning minimum wage in USA may be labeled poor whereas a person making the same amount of money somewhere else may be well off.
Generally speaking, poverty is the lack of ability to be able to feed oneself and maintain a reasonable standard of living.
The reasons for poverty around the world, as I see it are different. We can attribute poverty to one particular factor or reason. Technically speaking, it is the government who is ultimately responsible for the well-being of its citizens. Its inability to do so causes poverty and the effects are more drastic if there is a growing disparity between rich and poor within the same nation. Take for instance Pakistan. Due to high levels of corruption and a lack of opportunities for the youth, there is a rising level of inequality between the rich and the poor. It is a major concern which has not been dealt with in the past 60 or so years since Pakistan's independence. The only way to get rid of a nation's poverty or its ability to deal with it is to educate its citizenry. Take for example, nations like Sweden and Norway. A good model is based on a strong foothold of education and training.
In paragraph 3, I meant to say We "cannot" attribute poverty....
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