Poverty ; There are sever definition of poverty depending on the context of the situation it is placed in and the person giving the definition .A state or community lacks the financial resources and essentials to enjoy a minimum standard of life .poverty is the state for the majority of the world’s people and nation.Why is this? Is it enough to blame poor people for their own predicament? Have they been lazy, made poor decisions, and been solely responsible for their plight ? what about their government?Have they pursued policies that actually harms successful development? Such causes of poverty and inequality are no doubt real. But deeper and more global causes of poverty are often less discussed.
Behind the increasing interconnectedness promised by globalization are global decisions policies and practices. These are typically influenced, driven, or formulated by the rich and multinational corporation, institutions, and influential people.
In the face of such enormous external influence, the governments of poor nations and their people are often powerless.As a result, in the global context, a few get wealthy while the majority struggle
Major cause of poverty.
Cutbacks in health, education and other vital social services around the world have resulted from structural adjustment policies prescribed by the international monetary fund and world banks as conditions for loans and payment.In addition developing nation governments are required to open their economies to compete with each others and with more powerful and established industrialized nations. To attract investment ,poor countries enter a spiraling race to the bottom to see who can provide lower standards, reduced wages and cheaper resources .This has increased poverty and inequality for most people. It also forms a backbone to what we today call globalization. As a result, it maintain the historic unequal of trade.
Around the world, in rich or poor nations, poverty has always been present.
In most nations today,inequality-the gap between the rich and the poor -is quite high and often widening.The cause are numerous, including a lack of individual responsibility, bad government policy, exploitation by people and business with power and influence, or some combination of these and other factors.Many feel that high level of inequality will affect social cohesion and lead to problems such as increasing crime and violence. Inequality is often a measure of relative poverty , however, is also a concern. World bank figures for world poverty reveals a higher number of people live on or below poverty than previously thought.Furthermore, almost half the world-over three billion people -live on less than $2.50 a day and at least 80% of humanity lives on less than $10 a day: