The Importance Of Eradicating Poverty

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The world has undoubtedly been booming and has become more prosperous; however, growth has been inconsistent in the global scale. Tackling theses inconsistencies cannot be resolved by development alone, but consistent measures have to be taken. Unemployment and underemployment are at the core of poverty. Eradicating poverty altogether has been the ethical, social, political and economic goal. It can only be realized by taking a multidimensional approach combined with strategies and plans for the people living in poverty that meets their basic needs and empowers them.
Poverty is a cruel circle that goes from generation to generation. Though poverty occurs in all countries, the condition is serious in developing countries. According to UN, about 1.3 billion people currently live on less than a dollar a day, almost one billion are illiterate. Women make up 70 per cent of the worlds poor. In modern economies, large-scale poverty imposes an enormous loss by wasting the talent and energies of hundreds of millions of men and women, diverted from socially productive activities that could cr...

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