Is There Any Way To Conquer It

What Are The Main Reasons Of Poverty? Is There Any Way To Conquer It

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Is There Any Way To Conquer ItWhat Are The Main Reasons For Poverty? Is there anyway To Conquer It?

Poverty is usually brought about by several causes. However, the below are some of the main reasons for poverty and how it can be conquered. The first reason for Poverty is War and Political instability. Safety, Security along with stability are the basics of the economic prosperity and growth. However, without those basics, natural resources can hardly be harnessed collectively. In that case, there will be no education, talent or any skill that will allow people to reap the benefits of their work.

Is There Any Way To Conquer It

The second reason of poverty is the Discrimination and Social Inequality. Despite the fact that poverty and inequality are two distinct aspects, the difference can feed widespread poverty by baring teams which have lower social status from access to tools and resources. Accordingly, discrimination has also been pointed out by the U.N to be a significant factor in holding children and women globally poverty.

The third reason which causes poverty is the national debt. Many nations usually carry a significant debt because of loans from the wealthier countries along with international financial institutions. In that case, there is a lot of interest to every single cent borrowed by the developing nations. Accordingly, the reduced nations are always demanded by the World Bank along with an international monetary fund to open markets to the outside businesses and investors thus raising competition with local businesses.

The other reason for poverty is History. The majority of poorest nations globally were the colonies from which the slaves and resources had been extracted for the benefits of colonizing countries.Some of the ways through which poverty can be conquered are through quality education, Access to healthcare along with economic security.

References

Addae-Korankye, A. (2014). Causes of poverty in Africa: a review of literature. Am. Int. J. Soc. Sci3, 147-153.

Pogge, T., & Sengupta, M. (2014). Rethinking the post-2015 development agenda: eight ways to end poverty now. Global Justice: Theory Practice Rhetoric7.