Poverty: a Growing Issue

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  • Topic: Poverty, Cycle of poverty, Economic inequality
  • Pages : 3 (857 words )
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  • Published : March 18, 2011
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ECO 405
Economic Problems & Issues
Dr. Hong-Jin Kim

Poverty: A Growing Issue
By
Candice Anderson

Poverty: A Growing Issue
By
Candice Anderson

Poverty has become a global economic problem. Poverty is by definition the deprivation of common necessities such as food, clothing, shelter and safe drinking water, all of which determine our quality of life. It may also include the lack of available opportunities for things such as education and employment, which aid the escape from poverty and/or allow one to enjoy the respect of fellow citizens.(Rector, 2003) “A lack of economic opportunities is one major cause of why so many people are left in poverty, especially in countries that are poor themselves. In many countries where a large percentage of the population is impoverished, capital is a scarcity.” (Shah, 2008) Unlike some other countries where people have the opportunity to apply for assistant or borrow money, people in impoverished countries are left to fend for themselves and try to save money anyway possible. This makes it very difficult to improve their funds and make it out of poverty. Therefore, families remain in poverty for years and sometimes forever. In this project, I will examine the economic issues of world poverty and the economic flaws that could help prevent this devastating problem that plagues our world. “Statistics show that most people live on about two dollars day.” (Roberts, 2000) This may seem hard to believe since we live in what is known as the land of opportunity. But regardless of whether one lives in the richest nations in the world or the poorest, high levels of discrimination exist. Because of the unavailable resources provided, less fortunate nations will also have a lack in the access of healthcare, education and other services; therefore, causing other incurable illnesses and raising the total death rates. Additionally, because of the lack of education, this does not allow one the needed...
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