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Poverty: The Importance Of Entrepreneurial Education

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Poverty is the main social and economic problem that the people are facing particularly in the world (Bruton & Ketchen, 2013). As of 2013, there were about 2.47 billion people in the world living in poverty with an income of USD 2 or less a day most of them from developing or under developing countries located in African and Asian continent (Bruton & Ketchen, 2013). The population living under poverty only declined from 2.59 billion to 2.47 billion between 1981 and 2013 (Bruton & Ketchen, 2013). Poverty means the lack of income or shortage of assets; the lack of competence, confidence, disempowerment and deprivation of national currency (Singer, 2006) .Poverty may arise from low productivity of the households and they face financial constraints …show more content…

Entrepreneurial education is considered central to the economic development of nations (Kabongo & Okpara, 2010). Entrepreneurship education has to increase entrepreneurial self-efficacy, self-employment, and risk-taking attitude of the entrepreneur (Cheng & Chan, 2009). Entrepreneurship education creates enormous business opportunities and trains people with innovative enterprise skills to grasp the opportunities for starting new entrepreneurial activities (Cheng & Chan, 2009). Entrepreneurship education is one way of addressing poverty reduction, as there is strong empirical evidence suggesting that economic growth over time is necessary for poverty reduction. Entrepreneurship boosts economic growth, enhances educational attainment and increases the rate of economic growth (Mitra & Abubakar, 2011). The World Economic Forum in 2009 claims that the three relationships are suggestive of productive outcomes emanating from education provision (Mitra & Abubakar, 2011). For example, in eradicating extreme hunger and poverty even if developing countries focus on innovation, creativity, talent and resources to overcome poverty, they lack the infrastructure and the expertise to support such an objective (Mitra & Abubakar, 2011). These deficiencies could be overcome through capacity building through entrepreneurship education to transform these assets into products and services, thereby creating more jobs, enhancing their global trade opportunities and reducing the incidence of poverty (Mitra & Abubakar,

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Introduction The book I will be reviewing is Teaching with Poverty in Mind written by Eric Jensen. The book was originally published in 1950 while our copy was printed in 2009 through the ASCD publication company. This book is used in our EDUC 200 Developmental Sciences and the Context of Poverty class to give us insight to challenges that could be present with poverty and schools. Jensen’s book illustrates the story of Mr. Hawkins a teacher’s experiences and growth working with children living in poverty.

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The author continues to focus on poverty as it affect everyone in general, whereas we as a whole fail to see the actual concept. As we look upon our country we tend to spend billions of the U. S dollars on aiding those who need assistants. We as a society has fail to prevent poverty as it has stricken our country with a high rates of people who are affected by it. The author suggests that individually we have a perspective way of how our high rates of poverty raises.

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It is easy to see that, “with increasing education, people are rearranging their ideas about what’s important and about what they want from life (Shaw, 172).” Therefore, restricting the poor to a post-secondary education not only limits their understanding of the world around them, but limits their quality of

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Education in poverty-stricken areas is a luxury that many people do not receive and has always been a fight from the beginning of Mississippi’s historical roots. The battle for adequate education began over the issue of segregation and continues to hinder teens’ ability to learn. One of the reasons that education is unsatisfactory in many parts of Mississippi is because education and poverty are interrelated. Poverty has a negative impact on the student’s achievements and academic success and puts them at disadvantages for their futures. Although Mississippi is notorious for its major issues, the correlation of poverty and education have persisted as some of the most pressing issues that require immediate attention.

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A major issue in America today is poverty. However not much is being done to help those in need. Many who struggle in poverty are those who struggle getting the basic necessities we need in the everyday life such as food, clothes, water, and shelter. Different factors that can contribute to poverty are lack of education, unemployment, poor economy, race/origin, non-effective policies, and illness/disease; therefore more help should be made towards helping those in need. One of the factors that contributes to poverty is lack of education.

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Dear honorable chair and fellow delegates, this is the delegate of Peru. It is her privilege to be able to take part in the upcoming conference representing Peru, and she looks forward to working multilaterally with Member States in addressing various issues at today’s conference. What should come into mind when discussing education in developing nations is that what the students in these impoverished regions need are not more academic skills, but rather life skills that enable them to improve their financial prospects and well-being. These may include financial literacy, health management and so forth. These children do not need more of math or geography because education in developing countries completely differ from the developed nations

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The solutions therefore interpreted as a need for greater economic growth, with a focus on building human capacity/capital. Conceptualization of poverty has broadened to include non-economic components. Thus, poverty is increasingly being recognized as multi-dimensional, distinguishing the numerous aspects of people’s lives affected by poverty, including economic and non-economic dimensions, and recognizing that poverty occurs within and is affected by the political, economic, social and cultural context (Sen,

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“Education is critical for breaking the cycle of poverty and yet over half of the world 's schools lack access to safe water and sanitation facilities” (the water project, a good education. pg2). This quote is so important because the only way to combat poverty is to have knowledge to do so. So without that power you can’t elevate and break the chain of hardship.

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As CONRAD BURNS said “ Vocational education programs have made a real different the lives of countless young people nationwide ; they build self-confidence and leadership skills by allowing students to utilize their unique gift and talent “ .In fact, societal pressure had crushed the Senegalese society. Any country that aspires to performance and productivity must have the means to do so. To do so, it must rely on several factors, including those of education and training. These, together with a good orientation, constitute the basis of a political, economic and social development.

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The term ‘Poverty’ reflects the meaning itself. Many philosophers often described it with statistical term by evaluating the population, income source, extreme to moderate levels, capital per income, family members, opportunities, employment and so on. But the exact meaning of poverty is being homelessness, discarded from schooling, foods and basic needs. Poverty is a state of life, affecting all of humanity (Meade, 2013). Although poverty is defined in several forms however, we cannot deny what exactly it means.

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To what extent is Education responsible for poverty and misery? Education is one of the few things a person is willing to pay for and not get. William Lowe Bryan (1860–1955) 10th president of Indiana University (1902 to 1937). Education is one of the chief obstacles to intelligence and freedom of thought. Bertrand A. Russell (1872-1970)

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2/28/18 Poverty and Education For this literature review, I conducted an analysis of poverty and how poverty affects children and their education. For my internship I work in a low-income school system, I really wanted to dive into what and how this has a role to play in brain and education. The major question that I feel needs to be answered in order to continue this research project is: has been shown to negatively influence child brain development, thus interfering with their success in the academic setting? There are many environmental factors that influence how a child’s brain develops before the age of six. These effects include prenatal care, health conditions, and poor school readiness skills in their language. Children raised in poverty are adversely affected both indirectly and directly through their family’s lack of resources and education.

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‘Poverty’- a simple word with unlimited connotations. Poverty is a universal issue that has been plaguing our Earth for centuries; thus it is essential that the immensity of the situation is acknowledged by everyone. If looked up, you’ll find the exact definition of poverty being: ’general scarcity, dearth, or the state of one who lacks a certain amount of material possessions or money. [1] Poverty is a multifaceted concept, which includes social, economic, and political elements. [2] Poverty may be defined as either absolute or relative.’

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Globalization is the process of transformation of the whole world into the global village, and it means that the borders of countries are open to reciprocal integration and connection. All governmental systems in both developed and developing countries were under the influence of various globalization processes. Regarding education, it is considered that developing countries felt significant impact of the globalization processes in the last 40 years. Globalization and education are considered as an intertwined set of global processes affecting education, such as worldwide discourses on human capital such as are lifelong learning, the knowledge economy and technology, English as a global language; multilateral organizations and multinational corporations. Educational discourses generally assign to human capital, lifelong learning for improving job skills, and economic development, because most governments prioritize the developing the human capital to stimulate economic progress.

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Entrepreneurship takes the economy and the society to the state of progress and prosperity. New businesses can create new jobs and therefore will increase the employment rate of the nation. This will also generate income to the entirety of the nation. People who pursue entrepreneurship can generate new ideas which will provide a diversity of offerings for the consumer (Ramos, 2014).

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