Economic Poverty Essay
There is a question of whether human progress tends to reduce world poverty, tends to increase world poverty, or tends to leave world poverty unchanged; different economists have reached different conclusions. And their different conclusions have impacted strongly on how governments and others approach poverty, and on how poverty is dealt with or not dealt with. Even after Hurricane Katrina and the devastation left in its wake exposed to public eye the shocking levels of poverty in the mostly African-American neighborhoods of New Orleans, there was a lot of talk about America's hidden shame and about the need to pay more attention to the plight of the poor when there isn't a natural disaster to put them in the headlines. …show more content…
Poverty is pronounced deprivation in well-being, and comprises many dimensions. It includes low incomes and the inability to acquire the basic goods and services necessary for survival with dignity. Poverty also encompasses low levels of health and education, poor access to clean water and sanitation, inadequate physical security, lack of voice, and insufficient capacity and opportunity to better one’s life.
Significance of the Study
Over the last decade, the challenge of reducing levels of global poverty has rocketed up in the priorities of politicians, development organizations and the media, so that it now commands a dominant position among humanitarian aims for the new millennium. There is also an economic case for reducing child poverty. When children grow up in poverty, they are somewhat more likely than non-poor children to have low earnings as adults, which in turn reflect lower workforce productivity. They are also somewhat more