POVERTY
ALLEVIATION
POVERTY- IS A STATE OR
CONDITION IN WHICH A PERSON OR
COMMUNITY LACKS A FINANCIAL
RESOURCES AND ESSENTIALS FOR
A MINIMUM STANDARD OF LIVING.
POVERTY MAY INCLUDE SOCIAL,
ECONOMIC, AND POLITICAL
ELEMENTS.
•POVERTY ALLEVIATION-
AIMS TO IMPROVE THE
QUALITY OF LIFE FOR THOSE
PEOPLE CURRENTLY LIVING IN
POVERTY.
CAUSES FOR
POVERTY
1.LOW INCOME- IS A MAJOR CAUSE OF
POVERTY. IF YOU ARE EARNING A LOW
INCOME, YOU WILL NOT ABLE TO SAVE
MONEY AND INVEST IT IN ORDER TO
INCREASE YOUR WEALTH.
2.ORPHANS'- CHILDREN THAT GROW UP
WITHOUT PARENTS ARE MORE LIKELY TO
SUFFER FROM MENTAL ISSUES WHICH IN
RETURN CAN TRANSLATE INTO AN
INCREASED LIVELIHOOD OF POVERTY.
3. LACK OF EDUCATION-
EDUCATION IS KEY WHEN IT
COMES TO MAKE MONEY AND
TO ESCAPE POVERTY. THE
BETTER YOUR EDUCATION IS,
THE MORE MONEY YOU CAN
DEMAND FOR YOUR SERVICES.
4. LIMITED ACCESS TO CREDITS- THERE
ARE MANY PEOPLE WHO WOULD BE TALENTED
ENOUGH TO START THEIR OWN BUSINESS BUT
WILL NOT BE ABLE TO DO SO DUE TO A LACK
OF MONEY.
5. HEALTH ISSUES- CAN BE BOTH A CAUSE
AS WELL AS AN EFFECT OF POVERTY. POOR
ARE USUALLY AT HIGH RISK TO SUFFER FROM
HEALTH ISSUES DUE TO UNHYGIENIC LIVING
CONDITIONS AND ALSO DUE TO
6. EXPLOITATION OF LABOR- IN MANY
POOR COUNTRIES, PEOPLE RELY HEAVILY
ON THEIR JOBS SINCE IT IS THEIR SINGLE
SOURCE OF INCOME. THESE PEOPLE
KNOW THAT IF THEY LOSE THEIR JOBS,
THEY MAY SUFFER FROM STARVATION
AND MAY ALSO NOT BE ABLE TO
PROVIDE FOR THEIR FAMILIES ANYMORE.
7. INFLATION AND LACK OF INVESTMENT
OPPORTUNITIES- INFLATION MEANS THAT YOUR
MONEY WILL LOSE IN VALUE. IF THERE IS A HIGH LEVEL
INFLATION, SAVING MONEY IS NOT A VIABLE OPTION
SINCE IT WILL SIMPLY LOSE TOO MUCH VALUE OVER
TIME.
8. CORRUPTIVE ACTIONS- CORRUPTIVE ACTIVITIES
ARE A SIGNIFICANT PROBLEM IN MANY DEVELOPING
COUNTRIES. RICH MINORITIES OFTEN TRY TO KEEP
THEIR WEALTH AND POWER AND BRIBE POLICY –MAKERS
AND OTHER STATE OFFICIALS TO ACT IN THEIR FAVOUR.
9. DISEASES- CAN ALSO LEAD TO POVERTY
SINCE PEOPLE IN POOR DEVELOPING
COUNTRIES OFTEN DO NOT HAVE PROPER
HEALTH INSURANCE. IF A FAMILY MEMBER
SUFFERS FROM A SERIOUS DISEASE, THE
TREATMENT COST A WILL BE QUITE HIGH .
10. OVERPOPULATION- CAN ALSO BE
REGARDED AS A SIGNIFICANT SOURCE OF
POVERTY. OVERPOPULATION MAY DECREASE
AVERAGE INCOME LEVELS OVER TIME.
EFFECTS OF
POVERTY
1.DEPENDENCE- DEPENDENCE IS ALWAYS A
BAD THING FOR THE PERSON WHO IS
PENDENT SINCE THESE PEOPLE WILL LIKELY
GET EXPLOITED BY PEOPLE WHO HAVE POWER
OVER THEM. DEPENDENCE MAY INCREASE THE
RISK FOR BULLYING AND BAD TREATMENT OF
PEOPLE.
2. DRUG ABUSE- IT HAS BEEN SHOWN BY MANY
STUDIES THAT USE OF LEGAL AND ILLEGAL
DRUGS IS POSITIVELY CORRELATED WITH
3. STARVATION- POOR PEOPLE WITH BAD OR NO JOBS
WILL OFTEN NOT BE ABLE TO PROVIDE FOR THEIR
FAMILIES SINCE THEIR INCOME WILL NOT BE
SUFFICIENT TO BUY BASIC THINGS LIKE ENOUGH FOOD
AND DRINKS.
4. ILLNESS- THERE IS A HIGH POSITIVE CORRELATION
BETWEEN THE LEVEL OF INCOME AND HEALTH. RICH
PEOPLE ARE ABLE TO AFFORD THE BEST TREATMENT
AND ARE THEREFORE ABLE TO FIGHT DISEASES MUCH
BETTER THAT POOR PEOPLE WHO ARE NOT ABLE TO
AFFORD PROPER TREATMENT.
6. MENTAL ISSUES- APART FROM PHYSICAL
ISSUES, POOR PEOPLE OFTEN ALSO SUFFER FROM
MENTAL ISSUES AND SOCIAL ISOLATION. IMAGINE
YOU HAVE CHILDREN BUT YOU DON’T KNOW HOW
TO PROVIDE FOR THEM SINCE THERE ARE NO JOBS
AROUND AND YOU WILL NOT BE ABLE TO MAKE
MONEY.
7. ADVERSE WORKING CONDITIONS- SINCE
PEOPLE RELY ON THEIR JOBS IN ORDER TO SURVIVE,
COMPANIES CAN EXPLOIT THEM SINCE THEY KNOW
THAT PEOPLE ARE DEPENDENT ON THEIR JOBS.
7. POOR HOUSING AND LIVING
CONDITIONS- MANY PEOPLE SUFFER FROM
QUITE LOW LIVING STANDARDS AND ALSO
FROM UNHYGIENIC CONDITIONS. SOME
PEOPLE DO NOT EVEN HAVE CLEAN DRINKING
WATER.
8. SPREAD OF DISEASES- DISEASES CAN
SPREAD MUCH EASIER SINCE HYGIENIC
CONDITIONS ARE USUALLY QUITE LOW WHICH
GIVES BACTERIA A BREEDING GROUND.
9. INABILITY TO AFFORD HOSPITAL
TREATMENT- IN CASE OF SERIOUS
HEALTH CONDITIONS, POOR PEOPLE
ARE OFTEN NOT ABLE TO AFFORD
PROPER TREATMENT IN HOSPITAL AND
RATHER HAVE TO HOPE AND FIGHT THE
DISEASE AT HOME.
SOLUTIONS FOR
THE POVERTY
PROBLEM
1.MITIGATE CORRUPTION ACTIVITIES-
ONE MEASURE TO FIGHT POVERTY IS TO MITIGATE
CORRUPTION ACTIONS SINCE IT OFTEN LEADS TO
EXCESSIVE WEALTH FOR A FEW PEOPLE BUT LEADS TO
POVERTY FOR THE MAJORITY OF LOCALS.
GOVERNMENTS AND LOCAL AUTHORITIES SHOULD
TAKE SERIOUS MEASURES IN ORDER TO FIGHT THIS
PROBLEM.
2. BETTER SOCIAL SECURITY- SUFFICIENT SOCIAL
SECURITY IS CRUCIAL IN ORDER TO FIGHT TO POVERTY.
GOVERNMENTS SHOULD ENSURE THAT PEOPLE WHO
BECOME UNEMPLOYED WILL STILL BE SUPPLIED WITH
ENOUGH FOOD AND OTHER BASIC THINGS.
4. BETTER HEALTH INSURANCE- PROPER HEALTH
INSURANCE IS VITAL IN ORDER TO BUILD WEALTH AND TO
ESCAPE POVERTY. SINCE TREATMENTS IN HOSPITALS ARE
OFTEN QUITE EXPENSIVE, PEOPLE HAVE TO BE COVERED
THROUGH HEALTH INSURANCE SINCE THEY WOULD HAVE
LARGE AMOUNTS OF DEBT OTHERWISE.
5. MORE SUBSIDIES FOR EDUCATION AND
CHILDCARE- EDUCATION IS THE KEY TO ESCAPE
POVERTY. THUS, GOVERNMENTS SHOULD PROVIDE MORE
FUNDS TO SUBSIDIZE EDUCATION SINCE IT IS ONE OF THE
MOST EFFECTIVE MEASURES TO INCREASE WEALTH FOR
THE COUNTRY BUT ALSO FOR THE COUNTRY BUT ALSO
FOR INDIVIDUALS.
5. MINIMUM WAGES- GOVERNMENTS SHOULD SET
MINIMUM WAGES AT LEAST AT A LEVEL THAT WORKERS
ARE ABLE TO AFFORD BASIC THINGS FOR DAILY LIFE.
THIS ALSO INCLUDES BEING ABLE TO PAY FOR PROPER
HEALTH INSURANCE AND SOCIAL SECURITY.
6. BETTER ACCESS TO CREDIT LINES- THERE ARE
MANY PEOPLE WHO ARE WILLING TO WORK HARD IN
ORDER TO BUILD THEIR OWN BUSINESS. HOWEVER,
POOR PEOPLE ARE OFTEN SEEN AS NOT
CREDITWORTHY ENOUGH FROM THE PERSPECTIVE OF
BANKS.
7. CREATE FINANCIAL INCENTIVES FOR FIRMS TO
CREATE JOBS- GOVERNMENTS AND MUNICIPALITIES
SHOULD ALSO TRY TO MAKE INVESTMENTS IN THEIR
COUNTRIES MORE ATTRACTIVE. THIS COULD COME IN
THE FORM OF LOW TAX RATES IN ORDER TO OPEN MAKE
IT PROFITABLE FOR FIRMS TO OPEN BRANCHES IN POOR
REGIONS.
8. COMMUNITY PROGRAMS- ENGAGING IN
COMMUNITY PROGRAMS THAT AIM TO FIGHT POVERTY
WOULD BE ANOTHER STEP YOU COULD TAKE IN ORDER
TO MITIGATE THE PROBLEM.
