Why is Niger one of the poorest countries in the world? Many African countries are still struggling to follow the path leading to development, especially in Sub-Saharan Africa. Niger, a former French colony, is the 4th exporter of Uranium in the world, an oil producer, with substantial deposits of phosphates, coal, iron, limestone, and gypsum. Niger is rich in mineral resources. Yet, it remains one of the poorest countries in the world while other countries, like Japan, have managed to find their way to development without those resources.
Poverty, according to the Encyclopedia Britannica (1981), is a lack of means to satisfy a person’s needs for nutrition, housing, clothing, and other essentials of life. Historically, Africa has been plagued by poverty. However, Africa is extremely rich in natural resources. Africa holds 60% of the world’s platinum, 40% of the gold and more than 90% of the world’s diamonds (Endres, 2012). How can the richest continent in the world in context of natural resources have 42% (World Bank, 2011) of the total population living below the poverty line?
Poverty is defined as the lack of basic human needs; and Africa is known to be the poorest continent, in which Tanzania is one of the poorest countries in that continent. According to statistics Tanzania has 30 to 40 percent poverty, and one of main issues that cause this poverty is that the rich exploit the poor for personal gain, and the lack of education in the community. This problem has been there even before Tanzania transitioned from a colony to an independent country. Even though, Tanzania is improving in terms of reducing poverty it remains one of the world’s poorest country. Many people including the father of Tanzania “Julius Kambarage Nyerere” tried to solve the issue of poverty in Tanzania by implementing policies to help the economy, but they failed.
The unemployment rate in Ethiopia is 17.5 percent, and only 29.6 percent of the population is below poverty. Despite Ethiopia having so many great rankings (being large, very populous and more), it is one of the poorest countries on the face of this earth. It also has the lowest level of income inequality in Africa, and one of the lowest in the world. Their public debt is about 60 percent of their GDP (gross domestic product, 72 billion USD). As a matter of fact, it seems as though they rely heavily on the agricultural business.
As they were forced off their lands then poverty became worse. Rural areas are the most areas that experience poverty at the extreme because they dependent on agriculture for food and development there is very slow or does not even reach them at all. People leave the rural areas to live in the cities that mean people with skills decide that as there are no opportunities here and they go somewhere they can find job opportunity. Then that lives the rural areas without people who have skills. In Africa there are programs designed to assist in reducing poverty but ends up in the hands of corrupt people, the distribution of the money is unequal, the large amount of money are spend on the person in charge of the program not on the poor people.
Dependency from the AID is another issue that is stopping the African countries to be free from poverty. In this case, the government corruption is one of the biggest problems for the African countries to be free from the poverty cycle. One of the victim from poverty is Ethiopia. So far, as we all can see, the country Ethiopia is one of the poorest country in Africa and until this day, we haven’t seen much change for the poor people in that country. money is given to the poor countries everyday and the corruption blocks the money from helping the people in its country.
It means not having enough to feed and clothe a family, not having a school or clinic to go to (UN, 1998). Poverty subject majority of Africans to not having sufficient income to purchase enough food resulting in about 45% of people in Sub-Saharan Africa living below the poverty line of less than one dollar a day with more than 65% of the population living in rural areas (Prabhu et al, 2009). It is evident that Sub-Sahara Africa has the highest level of poverty with close to halve of the region’s population classified as poor (SESRTCIC, 2007) accompanied with its challenges. It’s rate of killing is incomparable to diseases and has been cited the highest killer far worse than HIV/AIDS, malaria (Tazoacha, 2001) and far worse than dreadful Ebola (Addae-Korankye,
Brazil is known to have struggled with poverty despite its economy having been ranked as having the 9th highest gross domestic product (GDP) globally. The country admittedly is rich in natural resources and land due to its large size, but as a result of the resources being unequally distributed among its population there is a noteworthy level of poverty existing today. According to the statistical data made available by the UN, 80 percent of the wealth is controlled by only 20% the population while have of the nation’s income is controlled by a mere 1% of the population. In an effort to combat the high levels of poverty and decrease the huge disparity between the wealthy and the poor. The social, socio-economic, political, endogenous and exogenous
Constraints for achieving food security: • Over population: over population is one of the Major food security issues in Bangladesh. Bangladesh is the most densely populated large country in the world. Demographic trends indicate that this number will grow to around 220 million by 2050. Bangladesh is currently experiencing rapid population growth and on the brink of severe food shortages in near future. • Poverty: among 40%people in rural Bangladesh live on less than $1.25 per day and 60 percent of that income is spent on food.
Poverty in LDCs can be associated with the existence of little or no profit generating ventures, most especially in the rural areas, no or little financial support, overpopula-tion and poor infrastructure which lead to low productivity and persistent poverty in LDCs. Augsburg et al. (2012) argue that problems associated with entrepreneurship and economic growth are credit rationings, which eventually result into a greater level of poverty among the affected people. Tang (1995, pg. 846) argues similarly, that the main economic problem confronting developing countries is “financial intermediation”.