The theories of poverty, causes and eradication Mechanism
Introduces the world perspectives and understanding of poverty such as the United Nations explanations of what poverty is. The two kinds of poverty absolute and relative poverty are also defined. The paper will discuss both the contemporary and historical definitions of poverty, later the paper looks at the different theories of poverty and their definition of poverty. Thereafter, the paper explores the cause of poverty in light with the different theories of poverty discussed in the earlier section. Here solutions to the different causes are also given. The paper then ends with a conclusion that summarizes the main arguments in the paper.
- Historical and contemporary Definition of Poverty
Different author’s works are explored to see how they defined poverty. There is a clear distinction between the earlier definitions of poverty and the contemporary ones. Poverty definition seems to change with the economic changes.
The section looks at the Marxist, neoclassical, classical and the Keynesian theories of poverty. The theories give different understandings of poverty and its causes.
The cause of poverty here include, lack of employment, illiteracy, individual choices, inability to access credit facilities, among many other reasons. The explanation of the causes and the solutions are linked to the different theories of poverty discussed earlier.
Here the key arguments in the paper are summarized with a conclusion for each. For instance the definition of poverty by the United Nations, the theories of poverty and their explanations, the cause of poverty and the possible eradication mechanisms.
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