Gp essay questions on poverty
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Matias Petersen. Cite Citation. Permissions Icon Permissions. Abstract Economists distinguish between technological problems, in which variable means confront a given end, and economic problems, in which given means are allocated across competing ends. Issue Section:. You do not currently have access to this article.
Gp Essay Questions On Poverty
Download all figures. Sign in. You could not be signed in. Sign In Forgot password? Don't have an account? Sign in via your Institution Sign in. Purchase Subscription prices and ordering Short-term Access To purchase short term access, please sign in to your Oxford Academic account above. This article is also available for rental through DeepDyve. Although it is possible to reign in corruption to a substantial degree such that corrupt government officials and their counterparts in the private sector would cease to be a significant force that forestalls the economic progress of the impoverished, with the strong undercurrent of corruption running deep in the global economy and within governments today, it will likely be impossible to completely phase out corruption and hence, eliminate poverty.
The overuse and misuse of global resources have limited the availability of resources to channel towards the elimination of global poverty, hence obstructing global progress towards that goal. In terms of achieving an acceptable standard of living, the playing field is far from levelled today, with the balance currently heavily tilted in favour of developed countries. The ways in which the global market functions signifies the dismal prospects for the poor to break out of the poverty cycle. Economic superpowers wield vast influence and resources that they use mainly in their self-interest, as shown when they enact trade barriers or implement protectionist measures.
For instance, the repressive government in Nigeria has worked in cahoots with the multinational corporations, such as Shell, to maximize their profits at the expense of those living below the poverty line. More funds and resources have been directed towards meeting the interests of multinational corporations rather than those trapped in poverty.
Unless incentives are built into the system, there is no reason why these corporations would not want to line their own pockets. Hence, with the interplay of both money-hungry domestic and foreign powers dominating the world, unless governments work closely with multinational corporations to help improve the state of the poor, it will prove to be highly challenging for poverty to be eliminated, and thus unrealistic. Gender discrimination is continually bred in traditional societies from generation to generation and this has hampered poor women from escaping poverty.
In numerous countries in the Middle East, such as Oman and Yemen, strict patriarchal values that subjugate women in society still exist. Girls are forced to stay home and support the family in the way that is traditionally expected of them. They are denied opportunities for education from a young age due to religious traditions and this has limited any chance of upward social mobility.
The social issue of child brides in countries like India and Nepal restrict the opportunity for these girls to attain financial independence, making them completely dependent on their husbands for money and leaving them with no financial security. Moreover, even if women could find employment in these economically deprived societies, strict socio-political conditions confine women to their low-paying jobs.
In fact, less than half of the female population in Egypt is literate and this, coupled with biasness against women in the male-dominated workplace, has resulted in an even lower employment rate of females. With such a strong notion of gender discrimination embedded deep within these traditional societies, women there will likely never be able to be completely free to pursue the opportunities given to them, if any, to move out of the poverty chain.
However, the gradual elimination of absolute poverty may be feasible if local and international bodies can work together to make this possible.
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For instance, Singapore used to be a small fishing village where poverty was rampant in slums.