Poverty – a major economical problem Cover Image

Poverty – a major economical problem
Poverty – a major economical problem

Author(s): Somogyi János
Subject(s): National Economy, Business Economy / Management, Economic policy, Economic development
Published by: Editura Universităţii din Bucureşti
Keywords: poverty; states; economy; crisis; nations;

Summary/Abstract: Poverty is the state for the majority of the world’s people and nations. Yet there is plenty of food in the world for everyone. The problem is that hungry people are trapped in severe poverty. They lack the money to buy enough food to nourish them. Being constantly malnourished, they become weaker and often sick. This makes them increasingly less able to work, which then makes them even poorer and hungrier.This downward spiral often continues until death for them and their families.Why is this? How is to blame? Poor people for their own predicament? Have they been lazy, made poor decisions, and been solely responsible for their plight? What about their governments? Have they pursued policies that actually harm successful development? Such causes of poverty and inequality are no doubt real. But deeper and more global causes of poverty are often less discussed. This article explores various poverty problems in more depth.

  • Issue Year: 2008
  • Issue No: 07
  • Page Range: 27-29
  • Page Count: 3
  • Language: English