Poverty is defined as a lack of material goods or a low level of income. Poverty can be caused by a variety of social, economic, and political factors.
Causes :
LITTLE OR NO ACCESS TO LIVELIHOODS OR JOBS. ...
CONFLICT. ...
INEQUALITY. ...
POOR EDUCATION. ...
CLIMATE CHANGE. ...
LACK OF INFRASTRUCTURE. ...
LIMITED CAPACITY OF THE GOVERNMENT.
How do reduce poverty :
Develop and implement rapid and sustained economic growth policies and programs, in areas such as health, education, nutrition and sanitation, allowing the poor to participate and contribute to the growth. Studies show that a 10 percent increase in a country’s average income reduces poverty by as much as 20-30 percent.
Improve management of water and other natural resources. Most of the rural poor depend on agriculture or other natural resources for their livelihood. Consequently, it is necessary that they have more equitable access to those resources so they are better able to manage their resources.
Invest in and implement agricultural programs. China has helped 800 million people out of poverty since 1978. As a part of its strategy to eradicate poverty by 2020, the Agricultural Bank of China will lend more than $400 billion to help develop rural areas, fund education, infrastructure, and crop production.
Encourage countries to engage in trade as a path out of poverty. Trade is the key to growth and prosperity. Some of the world’s poorest countries including Indonesia, Botswana and Brazil have traded their way out of poverty.
Create and improve access to jobs and income and develop entrepreneurial talent.