Poverty & Inequality “My attitude to peace is rather based on the Burmese definition of peace - it really means removing all the negative factors that destroy peace in this world. So peace does not mean just putting an end to violence or to war, but to all other factors that threaten peace, such as discrimination, such as inequality, poverty”. ~ Aung San Suu Kyi To what extent is the economy of developed countries affected by problems such as poverty? Introduction What is poverty? Poverty is defined as the state of being extremely poor or unable to supply basic human needs such as water, food, shelter etc. Poverty is mainly caused by the lack of insufficient distribution of primary resources and the overpopulation such as not being able to meet proper standards of living, education and employment which provides funds to supply food and shelter. There are over 1.2 million charities in the world and about 21,000 people die each day because of hunger related issues. There is so much poverty around the world but the most amounts of poverty and slums are in Africa and India What is inequality? Inequality is known as the …show more content…
The deciding factors contributing to this incident provoked the declining prices of oil, the country's main export, and rises in international interest rates that compounded the external debt. The major underlying reason, however, was domestic policy mistakes. Economic reforms were introduced by the government of Nigeria in mid-1986 in a structural adjustment program that included exchange rate devaluation, trade and financial reforms, and budgetary and monetary contraction. These reforms were expected to revitalize the economy's growth. In turn, growth was expected to contribute noticeably to improved equality in the