Friday, August 17, 2007

Poverty

I believe that poverty may never be eliminated.

Referring to Sarup, he believes that a country with an unfavourable geography, or culture, or economy or polity is severely handicapped to make sufficient technological advances that increase the wealth and living standards of its people. In his example, he states that a poor country may import technology from others as poor countries are incapable of developing their own tech. Yet, acquisition of tech costs a lot, far more than a poor country can afford. Thus, a country in poverty will be trapped in a vicious cycle where they can acquire neither of the required resources. This is particularly true in countries that have a handicap in the first place. They either have insufficient natural resources, or are unable to produce products of significant value for trade. There is no available way to generate a higher income per capita without having enough money to start with. Even with aid, it would be difficult for countries to push out of the cycle, and this is proven by the condition of the world as it is now.

Sachs believes that poverty can be removed completely if a step by step approach is taken, such as that of providing mosquito nets in an attempt to stop malaria.
In my opinion it is a worthy solution worth contemplating but poverty is far too wide spread to stop in such a short time. Not all countries face malaria as a problem and providing such aid may do little to alleviate their condition. Furthermore, he points out that few countries actually do as they promise in aiding poor countries, however little the amount. Poverty is something to be eradicated over period of time. Consistent aid must be given until a country breaks free from the cycle of poverty.

I believe that there will always be poverty just as there are smart and less intelligent people. It is somewhat important that there is a balance of the rich and poor. However, we should always try to help the poor when we can.

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