We are the first generation to be able to eradicate poverty

Kushagra
Maharaja Sawai Man Singh Vidyalaya
India

The increasing gap between the rich and the poor is threatening global stability. It can lead to terrorism, which is the burning problem of today’s world. A recent report from Washington DC revealed that such problems can be overcome by taking stronger steps to bridge the gulf between the rich and the poor.

In order to enhance the value of today’s diverse global workforce, global diversity strategies should be created and implemented. To increase the value of diversity in the workforce, change in organisational culture must be made. Equal opportunity programs should be effectively managed so that they can comply with applicable employment law. A global alliance must be forged by the entire international community, with governments, international financial institutions, regional organisations, civil society and the private sector joining forces in order to eradicate poverty as a central goal of humanity.

What is meant by poverty?

Increasing poverty, inequality and unemployment have become very crucial problems. Of these, poverty is the ugliest. Poverty can be defined in two ways: absolute poverty and relative poverty.

The level of calorie consumption defines absolute poverty. On the other hand, relative poverty is measured by the inequality of people's income. Poverty means starvation and not being able to guarantee the next meal. Poor people are not able to fulfill their basic needs like food, clothes and shelter. They always remain sick due to their lack of resistance to various diseases. Poor people also have a high mortality rate as well as a high birth rate. Due to illiteracy, they are often ignorant about health and hygiene and this jeopardises their health. This then weakens their economic circumstances. They lag behind in all aspects of life like education, health, employment and clean surroundings.

Poverty exists when a nation is unable to make sufficient use of its natural resources and when there is less investment in education, health, infrastructure, the political and legal systems and other public institutions. This leads to instability and restlessness among the people. It is a social problem that generally prevails in developing countries. It is centralised in particular segments of society.

Causes of poverty

The first and foremost cause of poverty is a large increase in the population. The increasing population in a country also leads to over exploitation of the natural resources. Lack of employment opportunities also leads to the same. Good jobs should be provided to all sections of society. Poverty is also increased because of a lack of effective implementation of land reforms. Farmers must be provided with modern production techniques like tractors, threshers, HYW seeds, manure and fertilisers and good irrigation facilities. There is also a trend at the moment for increased prices of farming supplies and this also leads to poverty and hunger. Social backwardness and the unequal distribution of wealth and property are all causes of poverty.

How can poverty be reduced?

Poverty is a complex issue and needs to be tackled on a range of fronts. This would include, for example, improving economic growth.

Charity can't get rid of poverty. Women's potential should also be tapped. Productive employment, including self-employment, plays a central role in poverty eradication. Education is the key to development. Quality basic education, as well as secondary education and high vocational training and skill acquisition throughout life are indispensable tools to eradicate poverty. Social services must be developed with more investment from governments, if poverty is to be defeated. Good governance and effective administration are prerequisites to effectively fight poverty. People should aim at preserving social cohesion and promoting social stability, especially through democracy, the rule of law and respect for human rights and fundamental freedoms.

It has been estimated that $40 billion are needed annually to achieve the international goals related to poverty eradication. This is less than what people in Europe spend on cigarettes and one-tenth of the various trades in illegal drugs.

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