Causes of Poverty

Paper Summary:

The paper provides an overview of the extent of poverty in underdeveloped nations by examining the per capita income in terms of the US dollar. The paper identifies poverty's root cause of colonization and argues that to alleviate poverty, developed countries should grant better market access as well step up their foreign aid. The paper argues further that these poor nations need to focus more on neo-liberal policies.

Outline:
Introduction
World Disparities
Causes of Poverty
To Alleviate World Poverty

From the Paper:

"This essay first explores the extent of disparity that exists around the world, which smacks of the extent of poverty. There is no doubt that most of the countries follow democratic system and hence assumed the role of welfare state. As a corollary, alleviation of poverty has become central to their economic policy making. However, the progress made in this connection is far from satisfactory, as evident from the disparities that still persist in the world welfare. As the Joan Robinson once said, 'Poverty anywhere is a threat to prosperity everywhere'. Thus, attacking poverty calls for a concentrated but unified approach by the developed countries, which need to support the development of the poor nations."

Sample of Sources Used:

• Maddison, A. Monitoring the World Economy 1820-1992, Paris: OECD, 1995.
• Orum, A.M. Introduction to Political Sociology: The Social Anatomy of the Body Politic, Englewood Cliffs N.J: Prentice-Hall, 1988.
• Snarr, M., and Snarr, N., Introducing Global Issues, Boulder: Lynne Rienner, 2005.
• Thomas-Slayter, BP., Southern Exposure: International Development and the Global South in the Twenty-First Century, Bloomfield: Kumarian Press, 2003.
• "The Monterry Consensus" at the http://europa.eu.int/comm/development/body /publications/courier/courier192/en/en_007_ni.pdf

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