Economists still do not have a good understanding of what poor countries should

Question

Economists still do not have a good understanding of what poor countries should do to lessen poverty. According to MIT professor Simon Johnson, economists are still searching for a theory. Read Why Economists Are Still Grasping for Cure to Global Poverty by David Wessel, WSJ 1/11/2007 (pdf). This article ponders several underlying cause(s) of poverty around the world.

https://bbaddins.schoolcraft.edu/addins/econ202v2/docs/mod15GlobalPoverty.pdf

1. What policies (if any) can be used to reduce poverty?

Explanation / Answer

We know that poverty means that condition in which a person or community lacks of financial resources and essential to enjoy a minimum standered of life and well being that is considered acceptable by a society. We know that poverty is common problem for the world. In the recent study the countrrys facing poverty is increasing day by day. That means almost half of the population are lived below $2.50 per day. And also over 1 billion children are under the poverty. The variuos factors that causes poverty in the world are:

1. Income inequality among the people.

2. conflicts among the contries

3. Natural disasters

4. Lack of education, training and skills.

The biggest problem faced by the world is poverty. Economists are focused on many studies to reduce poverty. But nothing will happen to reduce the level of poverty in the world. To reduce poverty every country in the world taken a common step. There is no good policy are available to reduce poverty. But we focused some ecnomic factors to reduce the level of poverty in the world. That is,

1. Every country in the world focused on sustainable economic development

2. Take necessary steps to reduce unemployment in the country

3. Provide a progassive taxation policies

4. Always given prefecrences to well being of the poor in the country.

Every country in the world take a common for the employment and given a universal income for the people. It will may be reduce the level of poverty. Always given weekly benefit for the poor people. But it is not taken by any one country in the world. but all the countries in the world take the necessary steps.

Related Questions

Navigate

• Browse (All)
• Browse E
• Subjects

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.