The first is blame the poor in which the poor is the main reason for poverty or responsible of causing poverty because of lack of jobs, occupation, degree, schooling, and determination to work. The second one is blame society because some people who are unemployed which is a main cause of poverty and furthermore being unemployed is the major cause of poverty. This
I. Introduction What would this island be without foreign trading? Some people might consider it as a place that been separated from the rest of the world, while others might think it is just a strategy created by the government in order to gain profits. However, international trading had been so popular centuries ago since the age of discovery. People trade with regions worldwide to sell things they have the most comparative advantage and exchange products they don’t actually produce.
Poverty is general scarcity or dearth, or the state of one who lacks a certain amount of material possessions or money. It is a multifaceted concept, which includes social, economic, and political elements. Poverty seems to be chronic or temporary, and most of the time it is closely related to inequality. Poverty has existed since the beginning of time. Anyone who has less or when being compared to someone who has more, is considered poor but living in poverty is different in today’s terms.It is the state of being extremely poor.
Projects are shelved and often firms and companies face grim economic scenarios, all this hastens the process of economic revival. Purchasing power declines and as a result the margin for profit declines further more. To sum it up this phase is characterised by high unemployment and extremely low business activity. There is an overall fall in production and consumption and the purchasing power of the consumers’ falls drastically, and a feeling of gloom and hopelessness prevails over the market. However this period does not last forever and slowly and steadily investor confidence returns and a period of recovery is triggered.
We live in a shrinking world. We are more interconnected than ever before; with large, global economies, growing migration, and increased levels of telecommunications between countries and continents, the sharing of information -and people- is on a scale never seen before. These features don’t just ease the continuation of modern slavery, but help cement its reputation as the fastest-growing industry across the globe. Globalization has brought many advantages indeed, but its related deregulation processes have also facilitated some inhuman practices. Bonded labor, debt-related slavery, commercial sexual exploitation and other forms of forced labor and related trafficking have become a global industry — very conservatively estimated at over $32 billion by the International Labor Organization (ILO) in 2005.
Poverty: Is there an Answer Since the begininning of time poverty has always been a problem all over the world. Poverty is the lack As time evolved poverty has been given a negative stereotype, and it gradually increases every year. Poverty is a act of living by low income and limited access to financial aid and economic resources. There are many reasons as to why there is poverty such as teen pregnancy, low demond of employer, & not enough jobs for people to work. Also it deals with where you fall on the poverty line.
Determining the cause of poverty is the first step in finding a solution. It has been noticed that the absence of relevant data when conducting such surveys is one of the main causes of the failure of government schemes to help the poor. The current statistics as assessed by the National Sample Survey Office states that twenty-two percent of India’s population lives in poverty. Of those who reside in urban areas, fourteen percent are under the poverty line. Similarly, twenty-six percent of those who hail from rural areas are poor.
Poverty and the Causes of poverty in Africa “Poverty is apparent to the human eye and is profiled by shacks, homelessness, Unemployment, casualised labour, poor infrastructure and lack of access to basic services” (Seeking’s and Nattress, 2005; 6). Poverty is an old and most resistant virus that brings about devastating diseases in developing countries (Tazoacha, 2001). According to the World bank (1990), and the United Nations (1995), Poverty has various clear causes which include the lack of income, productive resources which can be sufficient to ensure sustainable livelihood, malnutrition and hunger, poor health, the lack of access to education and other basic services, homelessness, inadequate, unsafe and degraded environment, social discrimination and exclusion. Poverty is also characterised by the lack of participation in decision making of the civil, social and cultural life (World Bank, 2001). Poverty has multiple and complex causes, SIDA (2005) views these multi-dimensional causes as stemming from a lack of information, knowledge about market prices for the goods they deal in, issues related to health availability of public services, and their rights.
When this labor is strong-stretching, unemployment becomes severe and prolonged. + Unemployed due to lack of demand: due to the decline of demand. This type is also called career cycles by in the market economy, it is associated with recession of the business cycle occurring everywhere in the industry. + Unemployment due to external factors market: It occurs when the salary is not fixed by market forces and higher than the actual balance of the market strengthened. - Voluntary employment: + Voluntary unemployment is division of employees who do not work by the job and the salary does not conform to their
INTRODUCTION Poverty - the inability of an individual or a family to meet up with the basic needs of life- is one of the most prominent problems of developing countries. Poverty alleviation seems to be the most difficult challenge facing many developing countries; where on the average, majority of the population are considered poor. The standard of living of poor populace has continued to worsen and this has become a major concern of governments, multilateral institutions and policy makers in different countries, with efforts geared towards appropriate strategies for poverty alleviation. The current thinking on poverty alleviation has however focused on the promotion of opportunities, enhancement of security as well as the facilitation of