Evaluate Four Major Barriers to Growth and Development Experienced in Ledcs

Many individuals all over the world are affected by poverty. In order to completely understand the cause, the effect, and the solution to ending poverty, we must first understand the meaning of poverty. Poverty is the condition where an individual’s basic needs for food, clothing, and shelter are not being met (business dictionary). According to the World Bank Organization, poverty is also the lack of healthcare, education, information, and jobs. There are two general types of poverty: Absolute and Relative. Absolute poverty occurs when individuals cannot obtain adequate resources to support a minimum level of physical health. Relative poverty occurs when individuals do not

Everyone knows what the word poverty means. It means poor, unable to buy the necessities to survive in today's world. We do not realize how easy it is for a person to fall into poverty: A lost job, a sudden illness, a death in the family or the endless cycle of being born into poverty and not knowing how to overcome it. There are so many children in poverty and a family's structure can effect the outcome. Most of the people who are at the poverty level need some type of help to overcome the obstacles. There are mane issues that deal with poverty and many things that can be done to stop it.

Poverty has increased tremendously over the last decade in many countries, developed or less developed. Poverty can be caused by many different factors,

The revenues are not enough to provide for the population growth. This affects families to save less because they are spending all of their income on basic needs and cannot afford to educate their children, which produces poverty in the next generation. This results in low qualification and low chance of employment for children when they reach the working age. Due to this, industries and services cannot develop. With the increase of population, the volume of employment and unemployment increases. The number of unemployed depends on the size of the active population called the Labour Force. If the growth rate of the population is higher than the job opportunities available to the labour force, unemployment will occur. When there is an increase in population, society is solely focused on providing the basic needs. This results in the lack of obtaining education and because of this they cannot help the economy expand. Also, there are more consumers with the increase of population than producers, causing the restriction of economic expansion.

Raw Materials Unavailability: Raw materials are less available or unavailable. It may be gathered from distance sources that incur high expenses. Poor infrastructure for production of product & services: Due to undeveloped mode of every sector , Production infrastructure is not suitable. Markets are not available: Market for products are not available. People want low cost product because they have less sources of income. Customers are less available for good products: High quality products are costly. They are not beared by customers because their purchasing power is low. More dependent families: Less people earn and more people want to consume. It means more people are dependent upon income generating members. Lands are not suitable for agriculture: Lands are mostly barren due to poor irrigation system, mismanagement of water, unavailability of modern agriculture methods application and tools, etc. People depend upon still upon ancient irrigation system. Cheap labors are available: Labors are easily available at low costs but they are mostly unskilled. So they are useless in technical works or in high rated projects.

People are reluctant to work hard as their ancestors did and more emphasis is placed on the quantity of work rather than quality. Such ignorance has resulted in sinking economy, generations today have been so much pampered by the resources provided by the government that nobody wants to work no body wants to take the hard route anymore.

Having low levels of litracy and education can delay the economic development of a country. Vietnams literacy rate is, 15-24 years are able to read.

Two different factors that lead to poverty can be the lack of education and the structure of a country’s economy. The reason why education leads to poverty is because the lack of access to information forces a person or a group of people to attain the required information to succeed. For example, because a student lacks access to a quality education, they would be more prone to skipping class and putting their mindset elsewhere such as gang violence or drugs. The lack of education is a cycle of poverty as well because students, who do not graduate from high school, normally do not make living wages, creating poverty, and causing their children to live in poverty. A country’s economy leads to poverty because the government provides a false sense

Growth is usually associated with the development of natural resources and the construction of an infrastructure to effectively utilize those resources. As countries mine copper, produce petroleum, manufacture steel, grow and process agricultural products, and make automobiles, they also build roads, bridges, ports, airports, railways, and lighthouses; develop communication networks; generate electricity; and provide reliable mail service, water, and medical services. The infrastructure, roads, bridges, etc.—is essential to

Poverty has been a long-lasting economic crisis in the world. The effects are drastic not only on the world’s economic stability but the stability and well-being of many people as well. Change is needed. True change is the hope many citizens have living in poverty due to a broken, damaged system regarding poverty. To make the world a better, suitable place to live, immediate action must be taken to finally resolve this issue.

Education comes with social benefits as well which can improve the situation of the poor, such as lower fertility and improved health care of children ("Poverty and Education"). "Poor people are often unable to obtain access to an adequate education, and without an adequate education people are often constrained to a life of poverty." - Servaas Van Der Berg. The absolutely poor in developing countries have low education levels. Some may not even have access to primary education or may not have completed their primary education, not realizing that it is important to reduce poverty. Education is often poorly measured, and the impacts do not always show up as statistically significant in cross- country growth regressions (Levine & Renelt, 1992). Africa’s education crisis makes media headlines and analysis by the Brookings Center for Universal Education (CUE) explains why this needs to change. Progress towards universal primary education has come to a halt and learning levels of children who are in school are poor as well. Using a Learning Barometer, CUE estimates that 61 million African children will reach adolescence lacking even the most basic literacy and numeracy skills, this will deprive a whole generation of opportunities to develop and escape poverty ("Poverty, Education, & Opportunity").

Poverty for centuries has been a very severe issue that has troubled many nations while impeding economic developments and progress. Poverty stricken countries are majorly concentrated in the continents of Africa and Asia. Continents like the Americas and Europe have globally been recognized as been wealthier yet still many parts of these ostensible countries face massive cases of poverty. Most at times, countries with high populations owing to high birth rates face the most cases of poverty. The definition of poverty can be boundless in the sense that poverty entails so many subsections as it sometimes gets complicated to group everything under one umbrella. Society tends to focus more on the tangible aspects of poverty because many people associate poverty with lacking money and it makes sense because poverty in terms of lacking money is a major problem affecting almost every country in the world. Even though it is debatable that poverty can be physical, intellectual, spiritual and even emotional, it is best to talk about the lack of money and economic developments in this essay. With reference to the oxford English Dictionary, poverty is state of being extremely poor and the state of being inferior in quality or insufficient in amount. Reflecting on this definition given, I deduced that malnutrition and hunger can define poverty. In the light of this, I think poverty is lacking a comfortable place of shelter, being ill and not having access to a better

The poverty trap is the cycle of poverty that can begin from a limited diet and progress to birthing a baby that is malnourished. This causes the baby to have slower development and poor

The purpose of this review is to investigate the claims made by economists on why poverty is a reoccurring factor in developing areas, and whether or not that particular claim is indeed one of the reasons that these areas suffer from poverty. Poverty traps are one of the prominent factors in the reasoning behind poverty in developing areas; however, there are also many other supporting factors that reinforce poverty. Shepherd (2007) believes there is a point of equilibrium in

This paper will discuss poverty, the different types of poverty and their definitions and who is affected by each type of poverty. It will look at the some of the major reasons why poverty exists and what causes poverty, like such things as inequality, stratification and international debt. Some of the impacts of poverty will also be analyzed from a national and global perspective; things like education, literacy rate, and crime. This paper will demonstrate that poverty affects almost everyone in some form or another and exists because those with power and wealth want and need poverty to exist to force a dependence on the wealthy. A few of the main