Poverty In Poor Countries Essay

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There are different types of countries. Some of them are very poor and some of them are rich.The poor countries are affected by poverty which is where people's basic needs for food, clothing, and shelter are not being met. There is no clear definition of what a "poor country" is. The common understanding is that a country is poor if the majority of its people do not have a certain minimum living standard. The poorest country in the world is Malawi ( based on the country’s GDP /Capita of $226.50 )while the richest country in the world is Luxembourg ( based on the country’s GDP of $110,697.00 ). There are five main causes of poverty which are : history , war & political instability,National debt., discrimination and social inequality and vulnerability to …show more content…

Both of these factors have often been tied to histories of colonialism, but whatever the causes of war and political upheaval, it is clear that safety, stability and security are essential for subsistence and, beyond that, economic prosperity and growth. National Debt. Many poor countries carry significant debt loads due to loans from wealthier nations and international financial institutions. Poorer nations pay an average of $2.30 in debt service for every $1 received in grant aid. Discrimination and social inequality. Poverty and inequality are two different things, but inequality can feed widespread poverty by barring groups with lower social status from accessing the tools and resources to support themselves. According to the United Nations Social Policy and Development Division, “inequalities in income distribution and access to productive resources, basic social services, opportunities, markets, and information have been on the rise worldwide, often causing and exacerbating poverty.” Vulnerability to natural disasters. In regions of the world that are already less wealthy, recurrent or occasional catastrophic natural disasters can pose a significant obstacle to eradicating

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