Why is poverty prevalent in Developing countries?

Poverty is one of the significant problems in developing nations. It is the root cause of many socio-economic issues, including unemployment, child labor, crimes, and hunger. Poverty implies a condition in which a person cannot maintain a living standard adequate for his physical and mental efficiency. People in poverty live their lives in hopelessness. They and are the weakest section of the society. It deprives them of the basic human needs of food, shelter, clothes, education, and health care.

Poverty results from a combination of social-economic and Political factors. In most developing countries, economic wealth controls very few people, showing that the socio-political system they have constituted is not fair. The financial programs pursued by the Governments are often myopic. The corruption in Governance does not create the intended growth because of misallocation and mismanagement of resources. The policies of the Governments often makes the rich richer and the poor poorer. Some causes of poverty and hunger are:

Societal Factors:

The root cause is the lack of development and accessible education. Illiteracy is one constraint that deprives one, the opportunity to seek other forms of livelihood. It forces people to stick to ancestral jobs and prevents them from having job flexibility. Besides, the caste system also puts constraints on access to lucrative employment to the vast majority. The population is a significant contributor to rising unemployment and thus increasing poverty.

Industry and Commerce:

Creating Industries improves opportunities for innovation, requiring higher skills and, thus, higher salaries. Creating an environment required for economic success. Good Governance is possible with political setups that are inclusive, growth-oriented, and having good economic programs.
Encouraging small businesses creates local employment in the communities for people at different skill levels. They have to be enabled with various incentives. Promoting and protecting the cultural, Vocation/Occupational will safeguard traditions and aid communities’ economic well-being.

Educational Opportunities:

All levels of education. Primary education eliminates illiteracy, and higher education provides a higher level of skill and, thus, higher salaries.

Conclusion

Poverty alleviation should become a priority in the Government’s developmental planning. Good Governance ensures proper allocation of resources to improve the people’s standard of living by creating food security, promoting self- employment through greater access to the opportunities, and improving access to essential social services such as education and health care. The machinery involved in poverty alleviation needs to be accountable, sensitive, and sincere. Stricter laws have to be enacted to ensure more accountability and transparency at all levels of Government.