Poverty is considered as a major problem facing a significant number of people globally. Poverty affects third world countries since they are the most affected nations compared to the industrialized countries (Rycroft, 2013). There are several causes of poverty which include; unemployment, high dependency ratios, illiteracy and over population. Lack of jobs has negative consequences such as an increase in crime rates. The idle population tends to reproduce at high rates compared to the working population. Overpopulation leads to poor living conditions among individuals in a particular state. Low per capita income makes the economy perform poorly. Inadequate education systems are also a contributing factor towards the poverty levels of any country.
Africa is one of the continents that face poor living conditions and the worst slums, globally. Poor school systems adopted in different countries explain the cause of a low Gross Domestic Product recorded in the respective countries (Lang, 2007). Learners go through education that some may consider it inappropriate. The theoretical systems in the classrooms pegged together with less practical work involved, does not mold individuals to face the world after school. Most of the students face challenges in the job market due to the wide gap created between class work and real life situations.
Various solutions can be adopted so as to deal with debt problems. Adoption of both macro and micro economics policies can stand as one of the solutions (Lüsted, 2010). Governments can adopt policies such as welfare provision to improve the standards of the nation. It is also important to adopt relevant education systems in all institutions. Provision of civic education to individuals can teach them on how to save for the future. The most suitable method to approach the notion is through the welfare provision approach which faces significant drawbacks. A large amount of subsidies by the government would result to a lazy population. Additionally, subsidies in the form of profit taxation scare away investors of the country.
References
Lang, K. (2007). Poverty and discrimination. Princeton, N.J: Princeton University Press.
Lüsted, M. A. (2010). Poverty. Edina, Minn: ABDO Pub. Co.
Rycroft, R. S. (2013). The economics of inequality, poverty, and discrimination in the 21st century. Santa Barbara, Calif: Praeger.
