Poverty

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POVERTY
Outline:-

 Poverty is a curse (Hadith)

 Poverty is the parent of revolution and crime (Aristotle)

 The line between hunger and anger is a thin line i.e. poverty
(Stein Beck)

I. Introduction

II. Definition

i. Condition of having insufficient resources or income

ii. A complex and multi dimensional phenomenon

iii. Unequal distribution of wealth or income and unjust sharing of fruits


of development

iv. World Bank – definition.

III. Keys to Measure Poverty

i. Consumption poverty  daily caloric intake 2350/day

ii. Economic and social indicators:

a. Per capita income

b. Poor living – H2O

c. Low literacy

d. Income inequality

e. Incidence of disease

f. High mortality rate and low life expectancy

g. Crime and adultry

iii. Absolute poverty less than $ 1/day

iv. Denial of opportunities in 3 key areas:

 Survival + Knowledge + Decent Standard of living

v. Poverty of participation

IV. Causes of Poverty

i. Unequal distribution of wealth, income and fruits of development –


segmentation - society

ii. Concentration of wealth into few hands

iii. Economic policies are biased in favour of privileged class


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iv. Cultural reasons

a. Feudal system nourishes poverty and prevents changes 


double edged impact

b. Women rights

v. Debt burden

vi. Poor governance

vii. Corruption  national character  sloth and lethargy

viii. Lag in technological progress

ix. Arm race – defence budget

x. Illiteracy

xi. International economic and monetary system

a. Globalization and free trade in disadvantageous to developing


countries – only skilled

b. west protectionism

V. Impacts of Poverty

i. Low living standards

ii. Social split  breeds crime, sectarianism, violence, terroristic


tendencies

iii. Prevent positive social change

iv. No progressive development

v. No research, education, economic activity

vi. Dependency upon borrowing  International Debt, IMF 


sovereignty at stake

vii. Violence thrives

viii. Social evils – prostitutions

ix. Mortality rates

x. Shady politico – economic system prevails and retains

xi. National character – corrupt

xii. National and international concerns

a. Terrorism

b. Extremism

c. Threat to world order


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d. War on terror

xiii. Stagnancy – everywhere

VI. Remedies / Solutions

i. Agrarian reforms _ tenancy reforms

ii. Participatory – government

iii. Investment in human capital  education and skilled labour –


awareness

iv. Creation of social safety nets

v. Labour protection

vi. Equal opportunities

vii. Pro poor sustainable economic growth, labour absorbing,


employment, generating

viii. Good governance / human governance

a. Accountability + eradication of corruption + role of civil


society

ix. Women empowerment in rural areas can be miraculous

x. Education and development go together

xi. Increase in development expenditures

xii. Knowledge – led growth

xiii. Sustainable use of national resources + judicious exploitation

xiv. Population stabilization strategies

xv. Self reliance

xvi. Political will

xvii. Globalization + regionalism

a. Technology transfer

b. Regional grouping to cope with economic hegemony

xviii. Poverty alleviation programmes

* SAP, Debt Relief, Agriculture credit, land reforms, self


employment, food supplement programmes, revamping zakat
system, micro credit banks – Greman Bank Bangladesh.

*******
(Altaf Hussain Ansari)

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