Poverty and Developing Countries
Countries where the level of poverty is moderately large also have a tendency to reveal low values of human development, thus lowering the mean values of the development actions. Where inequalities of development indicators are very large, however, the standard values may not adequately reflect the conditions of the poor, requiring the need to ponder on poverty per se. What does it mean to be underprivileged? How is poverty considered? Lack of birth control, lack of water, lack of hygienic living conditions and other diseases, makes poverty look different in developing countries. Poverty in developing countries is somehow caused by the factor of geographical setting e.g. isolation of an area.
Isolation makes people poor in as much as it prevents them from country’s sturdy economic growth and vigorous modernization. For example, smallholder farmers have no access to vehicles and roads for the need to transport, and market linkages are weak or absent. These farmers hardly have inputs and technology to help them increase their production and reduce pests and diseases, and thumbs down access to financial services, which would enable them to boost their incomes. Economic growth – which has sustained in much of the Third World, whilst stalling in the West, is unsurprisingly a large part of it.
Third world countries now account for almost a third of the world’s production and consumption: practically a quarter of the world’s biggest companies are based in these countries, compared to just 4 per cent in 1990; and by 2030 they are anticipated to contain 80 per cent of the world’s middle class. At the end of the day corruption is one of the main concerns in developing countries and could contribute to resolving poverty. The rising standards for all would also successfully destroy the ecology of the planet with the growing demands.