Preview

Issues of Poverty

Good Essays
Open Document
Open Document
575 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Issues of Poverty
Three main points to think about issues of poverty in the future

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.

First, business can help solve poverty conditions. For the longest time, people view business as a profit-making organization with the goal of creating wealth for the shareholders. But increasingly, the business community has developed a greater awareness of the plight of underprivileged people that need attention and aids. Some businesses incorporate social objectives into their mission, while some others take social responsibility as the main goal. Regardless of the orientation, society has gained significant benefit from businesses’ greater investment in socially responsible causes. These benefits include greater market accessibility to the poor, better environmental protection, and more employment opportunities among many others.

Second, actions to alleviate poverty should focus on local needs and be sustainable to maximize its positive impact. We have witnessed the remarkable success of microfinance – a social business that focuses on making financial services accessible to the rural poor. Microfinance fills the gap where large commercial banks are unable to provide due to the cost constraint. Microfinance provides the avenue for the poor to take out small loans to grow their domestic business as well as a relatively safe platform for saving and investment. It has

You May Also Find These Documents Helpful

  • Good Essays

    Poverty Should Be Fixed

    • 1151 Words
    • 5 Pages

    Poverty is one of the most serious issues in the world. When one drives around Los Angeles, the person can easily find homeless people who beg for money on freeway off ramps or look for food in garbage cans. People should not neglect them being on the streets because it is unsafe and unclean. The rate of poverty consistently increases every year. Shah states “According to UNICEF, 22,000 children die each day due to poverty. And they ‘die quietly in some of the poorest villages on earth, far removed from the scrutiny and the conscience of the world. Being meek and weak in life makes these dying multitudes even more invisible in death.’”(qtd. In Shah) Many people and organizations have tried to solve this imbalance but are unsuccessful because poverty continuously gives birth to more poverty due to the lack of inheritance available for younger generations. In the long run, our children are victims of poverty from previous generation. People should fix the poverty problem as soon as possible because it causes many negative effects such as unemployment, health problems, environmental quality and sustainability. If poverty problem is fixed, it will bring us to be able to take advantage of better economic situation, health problem, and environmental effect from helping them.…

    • 1151 Words
    • 5 Pages
    Good Essays
  • Satisfactory Essays

    Essay On End Of Poverty

    • 482 Words
    • 2 Pages

    In today`s world the term “Poverty” is being mostly used in the media and news. Although, the humanity has created and developed tons of things, the rate of poverty is still increasing. People around the world have different understanding what the poverty is and they have different ways to solve the problem. In the following, I will explain how I understand the term of poverty and will take a look on its history, and try to give some solutions for it from my point of view.…

    • 482 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Poverty is a significant issue in our world today where many cannot afford the basic necessities to stay alive. Approximately 1.2 billion people live in poverty and go to bed hungry every day. Poverty is well-known throughout the world; poverty may affect anyone who lives from month to month pay check. In addition, some poverty is so extreme that someone has to live outside and under a bridge with their clothes in a shopping cart and some poverty is where you can’t get food, shelter, and education, and medical assistance when they need it. People living in poverty are used to living in crowded conditions which occurs in exposure to infectious diseases, which results in deaths. Moreover, the lack of education results…

    • 850 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    Poverty is the state of being extremely poor and being inferior in quality. Nearly half of the world’s population, nearly 3 billion people, live on less than two dollars a day and the Gross Domestic Product (GDP) of the poorest 48 nations is less than the wealth of the world’s three richest people combined. Poverty can be caused by many issues particularly social and economic reasons. There have been many attempts to address poverty on a global scale and these will be explored.…

    • 1394 Words
    • 6 Pages
    Powerful Essays
  • Powerful Essays

    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.…

    • 1753 Words
    • 8 Pages
    Powerful Essays
  • Better Essays

    Poverty has become one of the most important social problems in recent years, and will continue to be just as important in the near future. Social scientists and economists have come up with three different definitions…

    • 1636 Words
    • 7 Pages
    Better Essays
  • Better Essays

    Poverty is a serious issue not only in third world countries but also here in the United States. Discussing the nature of poverty in the United States is important because through understanding we will find solutions. Gaining insights into the issue of poverty can be used to understand the complexity of the subject. Poverty has been defined as a state of deprivation of goods and services that essential to the maintenance of an adequate standard of living in a given society. Although the concept of poverty is considered relative, it cannot be denied that it magnifies the problem concerning inequality in a particular society (Levitan). The struggle of poverty impacts people’s day-to-day life. It is easy to hide some things in life but, poverty is not one of them. There are 633,782 homeless people in cities throughout the United States (St. Francis).…

    • 1272 Words
    • 6 Pages
    Better Essays
  • Good Essays

    Poverty

    • 312 Words
    • 2 Pages

    Poverty occurs in most parts of the world. Nevertheless, the more serious and problematical poverty takes part in the third world and the southern parts of the globe. First of all, we have to clearly define the word “poverty”. In a broad sense, it means that people within this “poverty” region are poor or have a lower average income per capita than other regions. To a deeper approach, we refer “poverty” as people have low educational backgrounds, lack of food supplies, or people with lower standard of livings, etc. According to the Webster’s New World Dictionary, the word “poverty” can be defined as: 1) the condition or quality of being poor 2) deficiency; inadequacy 3) scarcity (Webster’s p.461). Generally in this essay, we will examine the facts that lead to the poverty of these third world and southern countries.…

    • 312 Words
    • 2 Pages
    Good Essays
  • Good Essays

    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. However, the amount of obligation, if any, that countries feel they have to deal with such a problem is a main source of controversy and one of the reasons why poverty is taking so long to be reduced.…

    • 750 Words
    • 3 Pages
    Good Essays
  • Best Essays

    Global Poverty

    • 2633 Words
    • 11 Pages

    To be born into poverty without a choice is possibly one of the greatest misfortunes that any person can be victimized with. According to Howard Hubbard author of Fighting Poverty to Build Peace, “An estimated 1.4 billion people live in extreme poverty, defined as living on less than $1.25 a day.” It leaves a person with a huge challenge of survival and an extremely difficult task of creating a better future for themselves. To understand the implications of poverty across the world, one needs to first thoroughly understand its definition. It is often difficult to establish what the definition of poverty is, because, being poor, differs dramatically across countries all around the world. According to the United Nations Development Program (UNDP) poverty is defined in two different ways, human poverty and income poverty.[1] The definition of poverty from a human development point of view means “the denial of choices and opportunities most basic to human development to lead a long, healthy, creative life and to enjoy a decent standard of living, freedom, self-esteem and respect of others,” Alters pg 1. According to UNDP human poverty is more than income poverty. In many of the poorest nations across the world people die everyday due to poverty. Poverty proves to be one of main problems that plague the global society. I will discuss the different kinds of poverty, the causes and solutions of poverty in the global society.…

    • 2633 Words
    • 11 Pages
    Best Essays
  • Good Essays

    Poverty in America

    • 1102 Words
    • 5 Pages

    There is two main types of poverty, absolute poverty, and relative poverty. Absolute poverty is when a house hold takes in less than one U.S. dollar a day, meaning that they will not be able to buy food nor be able to buy the medicine they need to survive, and will most likely have poor clothing and a poor living environment. One of the best ways we can help with the absolute poverty would be to encourage and support the development of effective businesses (small, medium, and large) to make good use of our natural resources to create wealth and jobs for the people living in absolute poverty. Now for Relative poverty, it happens when a person has a little bit of money but otherwise the quality of the person’s life is not very good. For example, not having access to affordable social services like schooling, health care, medicines, sanitation, transportation, or even safe drinking water. A way we can help out people facing relative poverty is to make sure that people have access to affordable and good quality social services. Where they can feel secure and safe around their peers and can trust people.…

    • 1102 Words
    • 5 Pages
    Good Essays
  • Good Essays

    Poverty has been and is still a global issue, especially in the United States. Statistics show that there are over 1.5 million currently homeless or in poverty in the United States. Although, organizations have been and are still being formed today in order to stop or slow poverty, the rate of poverty still continues to grow over (Farguheson).While a person is going through the motions of poverty throughout their lives, there are many contributions that may have put them into that situation and is keeping them their. Which in turn can have negative effects on not only the victim of poverty, but on society as well. There are many factors (causes) and barriers that may lead up to poverty that may have vast effects not only on its victims but on society as…

    • 425 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Global and Social Issues

    • 903 Words
    • 4 Pages

    Over the years, many groups, researchers, and organizations have struggled with developing and implementing different strategies aimed at the reduction and elimination of global poverty. Currently, a plethora of interdisciplinary research exists, which includes different theoretical perspectives specific to global poverty such as various poverty definitions, effective interventions, various divisions in measurement, and theories…

    • 903 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    Microfinance is being hailed as a sustainable tool to combat poverty, combining a for-profit approach that is self-sustaining, and a poverty alleviation focus that empowers low-income households. Microfinance is increasingly becoming a tool to exercise developmental priorities for governments in developing countries. But there has been a gradual realization that microfinance alone is not enough. Microfinance is not a replacement for jobs that are not there, markets that are inaccessible, or education and skills that do not exist. Particularly, the main objective of microfinance institutions - poverty alleviation - requires a holistic and in-depth understanding of the interplay between economic, social, cultural extracts of the developmental process. Understanding the problems, and the cause-effect relationships, is critical for a holistic view of development. There will always be problems behind the problems. For example, some of the commonly cited 'problems' of developing countries, such as high population growth, poverty and very poor people, pollution and bad local environments, or low water resources are indeed effects of deeper problems that lie behind it: lack of political will and leadership, bad development and…

    • 1234 Words
    • 5 Pages
    Powerful Essays
  • Powerful Essays

    Microfinance services are part of the innovative financial services in the area of banking and finance non-bank, and the growth of this sector will be depending on the demand for it and the administrative and technical expertise in this area. The process of providing financial services to the poor in the community is an important part of strategies to reduce poverty and the institutions that provide microfinance is one of the tools that play this role if achieved financial sustainability of any increase supply to meet demand.…

    • 6712 Words
    • 27 Pages
    Powerful Essays

Related Topics