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Absolute Poverty : A situation where
individuals don’t have access to basic requirements of life –Food, Shelter and Clothing
Relative Poverty : is a poverty measure
based on a poor standard of living or a low income relative to the rest of society.
Half the world’s population, about 3 billion, live on less
than $2 per day. Malnutrition, lack of health care, substandard housing, and illiteracy breed desperation, disease and daily suffering. Poverty traps future generations in a vicious cycle without hope or opportunity.
Almost 30,000 children under the age of five die
Approximately 790 million people in the developing
world are chronically undernourished.
Nearly a billion people entered the 21st century unable
to read a book or sign their names.
Difference between “Poor” & “Poorest”
The term “poorest” or “very poor”
refers to“very poor” refers to people living on less people living on less than $1 per day or in the bottom half of those living below their nation’s poverty line. in poverty above $1 per day or the upper half of those living below their nation’s poverty line.
The term “poor” means those living
Causes of Poverty
Decline in overall national Lack of access to
national growth Political instability Natural disasters Corruption Socio-economic disparities and disparities and prejudices prejudices. .
education Lack of infrastructure Lack of relevant laws &administrative procedures Lack of access to investment & credit, complete market information
Effects of Poverty
Without the security of formal jobs, each day the poor
work from dawn to dusk the poor work from dawn to dusk
All or most of the money earned go to basic survival.
There is little or no money left to improve quality of life.
Living in poverty almost always means that the harsh
reality of today will repeat itself tomorrow.
Effects of Poverty, continued…
Poverty breeds poverty.If one cannot afford proper
nutrition or health care for one’s family, children grow up at greater risk of acquiring a life threatening or disabling disease.
If one cannot afford to educate one’s children, it will
be a repeat of their parents’ life
If one cannot afford to buy one’s own land or home or
livestock, there are few opportunities to build assets that will last over time.
The 5 Poorest Countries Of The World
1. Democratic Republic of Congo (GDP – per 2. 3. 4. 5.
capita: $300) Republic of Liberia (GDP – per capita: $500) Republic of Zimbabwe (GDP – per capita: $500) The Solomon Islands (GDP – per capita: $600) Republic of Somalia (GDP – per capita: $600)
Poverty in Pakistan
Causes of Poverty In Pakistan
Government Bad Policies
Overpopulation Unemployment Lack of education Law and order situation Foreign Investment
It is estimated that around 5 Crore is spent on the
security of Prime Minister and the President Monthly expense of 1 minister = 30 Lacs, Monthly expense of 96 minister = 288000000 (28 Crore80 Lacs
It’s a condition when People forget about mortality,
and don’t care about the fact if money is being earned by fair means Only one relationship that is exists in society is money. One has to pay a heavy cost to get his right. Institutions have failed to provide justice to common Citizens.
Poverty in Pakistan is increasing because of general
rise in prices of all products in Pakistan
Hence, it decreases purchasing power of people
earning low earnings/Wages/Salaries.
Pakistan was recently facing the shortage of sugar and
wheat due to the smuggling these items to neighboring countries. Pakistan is the 7th largest wheat producing, it’s consumption was 20 Million ton and produced 23 million ton recently Similarly Pakistan is the 4th largest sugercane producing country, but due to stocking habits of it’s owners…It was facing severe sugar crises
International Labour Organization defines, occurs
when people are without jobs and they have actively sought work Unemployment rate in 2009was 7.40 which is doubled in 2010, the current rate is15.20% When peoples are unemployed they consume the resources but are unable to contributein overall economy, which results in overt.
Law and Order Situation
There are lots of problem regarding Law & Order situation in Pakistan Terrorist attacks create uncertainty in stock marks and people earnings from stock are getting loss due to which the whole country faces uncertain increase in commodity prices Local Industries, Fims, are unable to sign agreements with foreign investors due to prevailing law order situation
Role of IMF
IMF loans usually come with conditions, restrictions and
requirements imposed by IMF on the borrowing country Pakistan is also seeking the help from IMF on very dangerous conditions which are causing more poverty in the country. Some of the conditions are Listed Below: Put an end to subsidies on all products. Taxes should be increased. Govt. expenditure should be stop. cut military spending by almost a third