Poverty – a major economical problem

Somogyi János
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Somogyi János: Budapest University of Technology and Economics

Manager Journal, 2008, vol. 7, issue 1, 27-29

Abstract: Poverty is the state for the majority of the worldÂ’'s people and nations. Yet there is plenty of food in the world for everyone. The problem is that hungry people are trapped in severe poverty. They lack the money to buy enough food to nourish them. Being constantly malnourished, they become weaker and often sick. This makes them increasingly less able to work, which then makes them even poorer and hungrier. This downward spiral often continues until death for them and their families. Why is this? How is to blame? Poor people for their own predicament? Have they been lazy, made poor decisions, and been solely responsible for their plight? What about their governments? Have they pursued policies that actually harm successful development? Such causes of poverty and inequality are no doubt real. But deeper and more global causes of poverty are often less discussed. This article explores various poverty problems in more depth.

Keywords: poverty; states; economy; crisis; nations (search for similar items in EconPapers)
Date: 2008
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Persistent link: https://EconPapers.repec.org/RePEc:but:manage:v:7:y:2008:i:1:p:27-29

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