Question

In: Economics

Discuss‌ ‌the‌ ‌root‌ ‌cause‌ ‌of‌ ‌poverty‌ ‌in‌ ‌low‌ ‌–‌ ‌income‌ ‌countries

  1. Discuss‌ ‌the‌ ‌root‌ ‌cause‌ ‌of‌ ‌poverty‌ ‌in‌ ‌low‌ ‌–‌ ‌income‌ ‌countries

Solutions

Expert Solution

The root causes of poverty in low income countries are:-

1. In low income countries, there is lack of good job and job growth which is the main reason for poverty. In these countries, the main focus is on the traditional jobs like farming which reduce the income level as the country is less technical. Half of the population is under the poverty line. The jobless growth of the countries is the key cause for increasing the poverty in the country.

2. Lack of education in the low incomes countries which become the main reason of poverty. the country with less funds could not provide education facilities and the people will do not get the knowledge and information about the policies and laws. The less the people are aware, the less they will be getting the opportunities. This is the root cause of poverty in the low income countries.

3. The poverty is also increased by the lack of food and water as the people will not able to get food and water properly. Also the distribution of food and water among all the citizens is also less effective because the income of such countries is less. The financial situation is also weak of such countries.

4. Lack of infrastructure due to less financial support in low income countries. Infrastructure includes roads, bridges, the internet, public transport, and more which are not provided by the government to the citizens. Without such infrastructure it is impossible to get out the poverty trap. It connects the people to the services and resources and give a chance to the citizens.


Related Solutions

Distinguish the differences between parent countries, host countries, and third countries and the different types of...
Distinguish the differences between parent countries, host countries, and third countries and the different types of international employees. Must be in essay format and at least 250 words long. Cite your sources, please.
Explain the differences between developed countries, newly industrialized countries, and less developed countries. What areas of...
Explain the differences between developed countries, newly industrialized countries, and less developed countries. What areas of opportunity need to be measured and analyzed within each of these countries before investing and establishing a multinational corporation? What do measures like Human Development Index tell us about a country’s place along the development continuum?
Why are some countries today much poorer than other countries? Are today’s poor countries destined to...
Why are some countries today much poorer than other countries? Are today’s poor countries destined to always be poorer than today’s rich countries? If so, explain why. If not, explain how today’s poor countries can catch or even pass today’s rich countries.
Explain the differences between developed countries, newly industrialized countries, and less developed countries. What areas of...
Explain the differences between developed countries, newly industrialized countries, and less developed countries. What areas of opportunity need to be measured and analyzed within each of these countries before investing and establishing a multinational corporation? What do measures like Human Development Index tell us about a country’s place along the development continuum?
Why will host countries and home countries intervene and promote FDI?
Why will host countries and home countries intervene and promote FDI?
Why will host countries and home countries intervene and promote FDI?
Why will host countries and home countries intervene and promote FDI?
Some countries are better in the production of some products and some countries are efficient in...
Some countries are better in the production of some products and some countries are efficient in other products. Considering this characteristic, “Differentiate between Absolute advantage and comparative advantages. ”Support your answer with suitable example.
Busness Ethics in developing countries such as China and in developed countries such as America? give...
Busness Ethics in developing countries such as China and in developed countries such as America? give exampels about multinational corporotion in both countries snd how do they desl in their bussnisses with ethics ? (Commercial advertisements and community activities)
Even countries with pegged
Even countries with pegged
There are two countries, Home and Foreign. The two countries are identical except that Home has...
There are two countries, Home and Foreign. The two countries are identical except that Home has a labor force of 100 and Foreign has a labor force of 200. Given this allocation of labor across Home and Foreign, the value of the marginal product of labor in Home is 30 and the value of the marginal product of labor in Foreign is 20. If labor were to be free to move, the wage in both countries would be25. fi mmigration...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT