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The outcome will be the increase in the per capita income and improving the living standards of the people. This is also attributed to the fact that people will take resources and rearrange them in a manner that is more valuable to them.
When a country invests in the new technology, the potential output of the services and goods will increase. This is because the technology will make the production process to be more efficient. For instance, the widespread mechanization that happened in 18th and in 19th century enabled the United Kingdom to produce more output from very few resources. This enabled them to become one of the fully industrialized economies. Recently, the Chinese government experienced a rapid rate of growth due to application of the new technology in their process of manufacturing (Romer, 5). Therefore, an economy can never grow if few resources are allocated to the capital good.
Some of the causes of poverty in third world countries include the third world debt, lower exportation race, poor agricultural practices, lack of food, lack of technology, overpopulation and some of the individual behaviors are some of the causes of poverty. The causes of poverty has becomes complex in the global economy. Additionally, the increase in income inequality leads to poverty, this is because the inequality lowers the living standards of people due to income differences (Romer, 6). For instance, the income gap has been on the rising trends in the US since 1970s, the income gap reflects the changes in the international trade, technological change, and a reduction in the unionization of all reason within the rising income gap.
I do agree with Christine Svellinger, because it is true that the poverty issue has grown to be a pervasive and massive issue. Countries have tried developing the economies with technology and industry with varying success level. Most of the third world countries lack the necessary raw materials and skills from the
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It may also occur when people have less money or possessions than is considered acceptable socially. Poverty is an important issue in today’s society, and many people struggle to have enough money to live and to feed themselves and their family. People of many demographic backgrounds are affected by poverty, and there is a wide range of factors that lead people into this area.
Name Surname Professor Name Subject 18 November 2011 Poverty Introduction: United States of America can be observed to experience a decline in their wealthy lives and heading towards a level of poverty owing to the periods of economic slowdown. Issues related to social security, the Iran and Afghanistan wars, the necessary healthcare systems as well as the unemployment of large number of people are of huge concerns in the current times for the country (Harris).
Pollution has been shifting from the rich countries to the third world countries due to the cheaper means of production associated with lower costs and regulations against pollution measures. Of course, the implications come with some benefits of economic prosperity at the expense of citizens’ health and expenditure in their future.
It will address the question of whether or not wealthy nations have a moral obligation to provide poorer nations with, or help them develop, greener industries and sources of energy. Lastly, it will attempt to propose a plan for uniform global pollution control standards and the enforcement of those standards itself.
According to the paper cholera is a disease that occurs when a person’s intestines are affected by an acute infection, caused by eating food or drinking water that has been contaminated with the Vibrio cholera bacterium. People living in highly congested places such as camps and towns are likely to contract the disease, due to its high contagious characteristic.
This paper will site the agricultural systems that have been developed and evaluate its effectivity. It will discuss if the agricultural systems had helped in any way to eliminate poverty or just added up the expenses or has wasted money.
To the extent that the individual or community in question cannot access basic amenities like health care and education, they are poverty-stricken. Such shortages in necessities that is vital for human survival is referred to as the state of absolute poverty. When compared with the social status, an individual, a group of people or a community that is below the societal threshold in terms of income are said to be under relative poverty
This according to studies was attributed to the fact that both parents were struggling to meet the needs of two separate households. Additionally, the fact that females have been biased and earn traditionally less in the job market due to the gender based
Women, Infant & Children (WIC) Program took place in 1969, which was also stimulated by the acknowledgement of special care to be given to low-income pregnant women and preschool kids. Following this, under the amendment to section 17 of the Child Nutrition Act of 1966, WIC came
His major concern is how to empower individuals living below $1.25 a day especially in the third world countries. He aspires to brainchild an organization that would consolidate resources from donors and charitable institutions to be used in empowerment programs for
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