Children are most affected, as evidenced by a high number of severe acute malnutrition SAM cases. Since Bogalech has three more children at home, she says feeding the twins has not been easy. She gets help from her older children when they return from school, such as Caleb, 12, pictured here holding one of the twins. Her husband is unemployed with an additional two children from another wife, his earnings from a small plot of farm land are not enough to provide for them.
Sunday, 27 January Poverty reduction in developing countries depends almost exclusively on high economic growth Poverty reduction is a subject that has attracted a lot of debate in past three decades.
Poverty is a global challenge that goes beyond social and political issues to include economic issues. Therefore, solutions aimed at breaking the vicious cycles of poverty cannot be limited to political and social policies, but call for radical set of measures that are comprehensive and well-coordinated.
Indeed, the aforementioned is the cardinal principle that guide strategies formulated to address poverty problems. A large part of this ongoing debate in the contemporary society is based on issues relating to how this impending social and economic problem can be addressed.
A number of scholars have singled out economic growth as the ultimate solution to poverty. This is relatively because economic growth brings with it a number of reforms i. According to Megaalthough economic growth is a major influencer in poverty reduction, its sustainability calls for macroeconomic stability.
Therefore, it is apparent that economic strategies aimed at reducing poverty are much intertwined with macroeconomic stability of a state. This essay seeks to dissect the issue of poverty and how economic growth is its ultimate cure.
In addition, it will look at economic policies advanced by developing economies to address the issue. Poverty has fallen relatively over the past 50 years, but the rates vary from one country to another or from one continent to another. For example, Asia has done remarkably well in reducing its poverty levels with countries like China and India leading the pack.
However, in a sharp contrast, mild progress has been witnessed in developing economies i. In the past, agricultural productivity growth rates were closely related to poverty reduction rates. This implies that economies that reported rapid growth rates in agricultural productivity also experienced great results in matters poverty reduction.
In Asia, increased levels of productivity courtesy of advanced levels of technology enabled it to fast track its way out of abject poverty by increasing incomes and wages of producers and workers respectively.
In addition, increased levels of production led to the reduction of commodity prices. These contributions brought with it new opportunities relatively because agricultural success provided a strong economic basis of diversification. However, despite years of investment in advanced technologies i.
The hunger problem is relatively tragic when the populace rely heavily on rain water to grow products, singling out economies in sub Saharan Africa where the effects of new technologies is yet to be fully harnessed and production related to agricultural production is relatively low or has otherwise stagnated in most areas Zaman et al.
Most developing economies are striving to achieve Millennium development goals MDGs i. To achieve this with much ease, developing economies need to increase its productivity levels in agriculture as it remains the most appropriate driver for economic growth and is responsible for breaking the vicious cycles of poverty.
This is relatively because a good number of populace in developing economies relies largely on agriculture for their daily survival. In developing economies, scholars assert that agricultural growth is relatively more beneficial to persons living below a dollar a day in comparison with other sectors of the economy.
Economic growth is a distinct primary factor that plays a cardinal role in influencing poverty. Numerous studies have established that there is a strong relationship between poverty reduction and the per capita income of an economy.
These scholars borrowed heavily from not only income but also non-income poverty measures. In addition, the study also established that there was no substantial difference between the impacts of an increase in the income of the poor i.Media merits and demerits essays on poverty.
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26 CHAPTER 2 THE DEFINITIONS OF POVERTY Don’t ask me what poverty is because you have met it outside my house. Look at the house and count the number of holes. View Essay - Poverty in Ethiopia from ECONOMICS at Indian School of Business. Poverty in Ethiopia Table of Contents Introduction.3 Areas where poverty in Ethiopia is pronounced.3 Causes of.
Introduction The term Poverty represents the scarcity or dearth of a specific state which lacks a certain amount of material possessions or the money.
How it works the Supervision and compliance of VAT system in Ethiopia with its positive and negative during implementation of the current system and explains what compliance dangers there are and just why and how the risks occur over all those problems will be talked about and additional the solutions will be advised in the report of study.
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