MAIN CAUSES OF POVERTY AN HOW TO CONQUER IT 2
What Are The Main Reasons For Poverty? Is there any way To Conquer It?
Poverty is usually brought about by several causes. However, the below are some of the
main reasons for poverty and how it can be conquered. The first reason for Poverty is War and
Political instability. Safety, Security along with stability are the basics of the economic
prosperity and growth. However, without those basics, natural resources can hardly be harnessed
collectively. In that case, there will be no education, talent or any skill that will allow people to
reap the benefits of their work.
The second reason of poverty is the Discrimination and Social Inequality. Despite the fact
that poverty and inequality are two distinct aspects, the difference can feed widespread poverty
by baring teams which have lower social status from access to tools and resources. Accordingly,
discrimination has also been pointed out by the U.N to be a significant factor in holding children
and women globally poverty.
The third reason which causes poverty is the national debt. Many nations usually carry a
significant debt because of loans from the wealthier countries along with international financial
institutions. In that case, there is a lot of interest to every single cent borrowed by the developing
nations. Accordingly, the reduced nations are always demanded by the World Bank along with
an international monetary fund to open markets to the outside businesses and investors thus
raising competition with local businesses.
The other reason for poverty is History. The majority of poorest nations globally were
the colonies from which the slaves and resources had been extracted for the benefits of
colonizing countries. Some of the ways through which poverty can be conquered are through
quality education, Access to healthcare along with economic security.