Poverty And Its Effects On Poverty Essay

1080 Words Nov 7th, 2015 5 Pages
1 billion children worldwide are living in poverty. According to UNICEF, 22,000 children die each day due to poverty. Although our world is developing at a rapid rate in terms of technology, and many problems of the 20th century have been solved, there still exist issues which humanity cannot deal with. Among such challenges as hunger, wars, natural disasters, or pollution, poverty is one of the most significant problems; in fact, it is a scourge of many developing countries. Therefore, understanding and eliminating the reasons of why poverty is still present in the world is important. Reasons of poverty are numerous, and it is difficult to analyze the entire complex of causes of such a global issue. However, some of them are obvious: structural adjustment issues, food and agricultural issues, and land rights and ownership issues are prevalent and often overlooked when it comes to poverty.
First, structural adjustment issues are one of the causes of poverty for people all across the world. Structural adjustment refers to a set of economic policies often introduced as a condition for gaining a loan from the IMF-a type of credit facility that helps developing countries become more economically self-sufficient. Many developing nations are in debt and poverty partly due to the policies of international institutions such as the International Monetary Fund (IMF) and the World Bank. Their programs have been heavily criticized for many years for resulting in poverty. In addition,…

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