According to the World Bank, the international plan to reduce poverty by half was originally supposed to be reached by the year 2015, but the high number of poor people is high, and they are spread out everywhere. The developing states are trying to recover, but the financial crisis’ that have occurred have stunned the growth and opportunities that we are supposed to be experiencing.…
Poverty is a complex problem that is easily understood but hard to solve. We understand that on the global scale, poverty rate is on a decline as a result of economic development that lifts millions of people out of the poverty trap. In fact, the World Bank estimated that people living on less than $1.25 a day dropped by from 1.8 billion to 1.4 billion between 1995 and 2005. Although this is a remarkable gain, it shall not understate that more than 1 billion people are still living in extreme poverty. So, there remains much work to be done to solve poverty and it helps to think of the issue in terms of the following frameworks.…
Many people in our society nowadays live in a very comfortable and wealthy condition, but more than a quarter of population in this world still live in this poverty condition. Poverty in general is when unable to conclude the standard of living that appears in their local situations. Although nowadays the standard of living between countries may differ tremendously, the issue of poverty remains the same. Resources such as shelters, food, education, clothing and water which is know as the human’s basic needs is still lacking. The high caste people always exploited the poor low caste people. As a result generation after generation the poor remains poor and the rich always enjoys high standards of living. The example for the countries that is on poverty is Zambia and South Africa.…
According to india celebration, “The main causes of poverty in India are growing population, poor agriculture, corruption, old customs, huge gap between poor and rich people, unemployment, illiteracy, epidemic diseases”. As I was researching about poverty, I found that a huge percentage of people in India rely on agriculture which is poor and is the cause poverty. The india celebration also states “More population means more food, money and houses. In the lack of basic facilities, poverty grows more rapidly. Becoming extra rich and extra poor creates a huge widening gap between the rich and the poor people.…
Were most have failed democracy has triumphed, to a certain extent at least as "of the people, by the people, and for the people “Lincoln. This concept of democracy is at its finest and most pure in a direct form. Unlike direct democracy, the representative form is controlled by the wealthy who ask for the majority of the public’s consent to do as much as they can for the people’s interest. Contrary to this concept is a dictatorship. In two forms (oligarchy, autocracy) both run on absolute control as far as the concept of free will allows them to make decisions. But which is better, that is to say in efficiency. Some may argue that efficiency is defined by the effectiveness not by the speed in which is done. And by effective I mean in a manner…
The refocusing of poverty eradication and related social programmes in order to reach the most marginalised and the underclass in both rural and urban centres.…
Poverty and income inequality is a global issue, and is discussed widely on platforms such as the social media, electronic media and print media. Significant measures have been taken to eradicate and alleviate these issues by various organizations and policy makers. However, the success of their acts is debatable. Most of the developing economies are facing these issues; however, I will be shedding light on Asian countries like India and Cambodia. There are several contributing factors to the high rate of poverty and income inequalities in these economies.…
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8 Jacob John, study on Kudumbashree project :A Poverty Eradication Programme in Kerala :Performance, Impact and Lessons for other States…
Poverty and unemployment are two acute problems common to most of the underdeveloped economies for which the government, planners, economists, politicians, scientists and researchers in these economies are putting their heads together for a solution. India is not an exception in this regard. Attainment of higher economic growth is not possible without efforts at employment generation and income augmentation. The population of rural India is more vulnerable due to socio-economic backwardness. Due to lack of adequate gainful employment opportunities they become excessively dependant on agricultural sector, which further adds fuel to the fire.…
The World Bank says that more than 30 per cent of the Indian population lives on less than $1 a day, but Indian economists believe that the figure of poor could be much more than the estimate. Successive governments tried various means to fight poverty with little success. The UPA government feels that the National Rural Employment Guarantee Act can solve that problem. They feel that this in one hand can reduce the poverty of rural and on another hand can reap the rich human resources available in rural India to develop the most essential infrastructural facilities and stop the migration of rural people to cities.…
Poverty is widespread in India, with the nation estimated to have a third of the world's poor. World Bank estimates, 80% of India's population lives on less than $2 a day.[1] According to a 2005 World Bank estimate, 41% of India falls below the international poverty line of US$ 1.25 a day (PPP, in nominal terms 21.6 a day in urban areas and 14.3 in rural areas); having reduced from 60% in 1981.[2]…
Poverty reduction has been always a strategic consideration for all Sri Lankan governments since independence. As such, there have been many programs addressing the issue of poverty over the years. The poverty reduction framework is based on three strategies: Creating opportunities for the poor to participate in economic growth; strengthening the social protection system; Empowering people to participate fully in the development process. The Janasaviya and the Samurdhi (prosperity) program can be identified as two of the major income transfer programs conducted by the government of Sri Lanka. The purpose of this paper is to analyze the efficiency of the Samurdhi program to accelerate the rural growth and empower the rural poor in Sri Lanka. The finding shows that the Samurdhi program will empower the rural poor and accelerate rural growth in the country through the achievement of its objectives, creating employment opportunities and alleviating poverty if implemented in the proper manner. In contrary, it is also argued that the Samurdhi program by it self solely may not be sufficient to bring about rapid rural growth and poverty reduction through the trickle down effect. This analysis is undertaken based on data and information from secondary sources. The paper initially focuses on the theme of the paper there by the efficiency of the Samurdhi program to…
The idea was initially to be found in the Government of India’s Economic Survey for the year 2010-2011 and was re-affirmed with the Finance Minister making reference to forwarding a policy of replacing some subsidies on certain goods with direct cash being given instead. Eminent scholars have since remarked that while this may seem like an obviously simple solution to the complex problem of poverty and crippling under-development in parts of the country, i.e. to put poor people on a better bargaining position by making up the disparity by giving them additional cash, the realities of this is not so black and white.…
Gosh, B.N. (2002), Allocative inefficiency and rural poverty in India. In: International Journal of Social Economics, vol. 29, No. 1/2, pp. 87-96…