Explain the vicious circle of poverty? What measures have to be taken to control poverty in the developing countries?
In economics, a poverty trap or cycle of poverty are caused by self-reinforcing mechanisms that cause poverty, once it exists, to persist unless there is outside intervention. It can persist across generations, and when applied to developing countries, is also known as a development trap.A Development Paradigm is an in-principle argument for how to conceptualise and overcome the development challenges confronting us. While the Development Paradigm is grounded in analysis, it is a strongly normative argument for how best to approach development.
Here are six basic pillars of human development: equity,sustainability, productivity, empowerment, cooperation and security.
- Equity is the idea of fairness for every person, between men and women; we each have the right to an education and health care.
- Sustainability is the view that we all have the right to earn a living that can sustain our lives and have access to a more even distribution of goods.
- Productivity states the full participation of people in the process of income generation. This also means that the government needs more efficient social programs ________ _____ _____ ___ __________ _________ _______.
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