Essay Example on Global Poverty and Inequality: A Growing Crisis

Introduction

Global poverty and inequality are prevalent issues that are causing massive pain amongst the persons that are suffering. Due to high poverty levels, an increasing number of people are unable to provide for themselves daily; as a result, they live below poverty threshold (Hulme, 2016). Global inequality covers many aspects, such as education, earnings and access to primary health care - but inequality stretches further still than this - with certain sections of communities not having equal access or quality commodities as others; for example women typically earn less than male colleagues even when offering similar services (Hulme 2016). The girl child in a significant number of societies is denied opportunities to access education with preference given to the boy child. Recently, some communities are giving a lot of choice to the girls, and this is leaving the boy child in a lot of trouble an issue that is triggering a rise in their death rates and poverty levels. Access to medical care is restricted, and this is caused by either some person lacking adequate finances to realize the desired medical services. All these inequalities cause problems in the world, and it is essential to ensure that the right measures are undertaken to eradicate the vices. The third world countries are significantly affected by the issue of global poverty and inequality, and the wealthy nations in the world have a responsibility of ensuring that they are helping these low-income countries to manage the problems (Lange, Wodon, Carey, & World Bank, 2018). It is important to note that the wealthy states play a role in causing the problems experienced by societies experiencing extreme poverty levels and inequality. These wealthy states cause the most pollution to the atmosphere, but the common effects on the damages are experienced globally. Some of the programs that the wealthy nations can undertake to help the societies encountering extreme poverty and inequalities include offering foreign aid, making immigration reforms, and institute regional political integration.

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Foreign Aid: A Key Tool for Poverty Alleviation

Foreign aid covers the transfer of resources from the developed world to the states that are experiencing inequalities and high poverty levels. The assistance can be given in financial terms where the money is given is used in various projects to help a state improve the quality of life if its citizens. These funds may be utilized to construct factories, infrastructure, health systems and other activities that generate employment. When industries are built, work is created, providing individuals with opportunities to earn earnings that they can use to improve the quality of their lives. The improved infrastructural levels make it easier to transact and transport resources. The rise in a healthy system helps to manage the problem of inequality, ensuring that all citizens can maintain to access treatment when they need it. When countries are offered an opportunity to improve their economy, they will manage to have the ability to manufacture products, grow their industrial sector, and help in raising the amount of money in general circulation (Ravallion, 2016). Foreign aid may be in the form of importation of resources. Experts can decide to work in the low developed states for free and help the locals in raising their skill levels and expertise. The move will allow them to widen their scope of operation and increase the quality of the commodities they are manufacturing. The countries will manage to increase the volume of exports, improve the balance of trade. The move will help to manage global inequality and poverty.

Immigration Reforms: Fostering Global Equality and Prosperity

The developed states should institute light immigration reforms that ensure that they are not restive to the extent that they become difficult for people from low developed counties to enter the developed states. In the recent past, the developed world instituted measures that made it difficult for emigrates from the less developed worlds to join them. However, to lower the global poverty and inequality levels in the economy, people from the less developed world should be allowed to the world in the developed world. People migrating from lesser developed nations to advanced states will earn money that they can send back home, which will in turn build their economies. Migration will decrease pressure on resources by decreasing numbers in less developed nations; funds available will then be utilized more efficiently for production purposes and replenishment purposes, ultimately providing enough funds for significant numbers of people, if not everyone, depending on your source of funds. Also, they will manage to acquire skills that they can use to develop their state. They can train the others back home, ensuring that the process of transferring skills is cheap. The immigration reforms should not only touch on the workers but should make the inclusion of the students. It is essential to have scholarships that enable students from low-income states to study for free. The number of students under scholarship programs should be increased, for this is the move that will allow the learners to gain high skill levels. The governments in the developed world should provide the students with an opportunity to either work in their home country when they graduate. The immigration reforms should work on stopping the brain drain. The qualify professionals in the low-developed countries that experience a significant level of inequality and poverty should be finished in the developed world. The developed countries should support them and even help to ensure that their wages are standardized to the international levels. The developed states can help to cover the salaries for by suing so, and they will be increasing the number of funds in the general economy. The benefit of undertaking these measures are that the funds will be earned for a service rendered, and this will in the economic growth.

Regional Political Integration: Enhancing Cooperation and Economic Growth

Regional political integration is a process by which nations in the world reach into a consensus that they will upgrade their cooperation. Therefore, neighboring states should ensure that they are working together to realize growth and helping each other to meet the lacking elements and factors of production. When nations join forces, they will be in a position to help each other and ensure that they are working on their areas of weakness. Additionally, they can trade with each other, and this will help in raising the sales volume, trigger economic growth which will help manage the global inequality and poverty levels. In the global markets, some of the countries have resources that others do not have, and to ensure that the global economy is raised, it is essential to ensure that the state's purchases these resources are given low prices. The reduced price levels will ensure that they can buy them, build their economy, and help to low the poverty levels (World Bank, 2018). Politics plays a critical role in determining how many other significant elements, such as the economy and social aspects, plays out in society. The political class should ensure that their politics do not harm the peace and stability of a region. When different states are in good terms, they can manage to exchange information and resources to raise each other and ensure that there is cohesion. Therefore, the developed countries in a region should ensure that the other neighboring countries that are experiencing high levels of inequality and poverty are getting the necessary help to eliminate these problems.

Conclusion

Global inequality and poverty is an enormous burden on nations worldwide. The developed world must ensure they assist countries that face these issues by helping raise the standard of their economy while improving integration processes. Some of the measures that the states with a better performing economy can take include offering foreign aid to support the educational process, increase the volume of operations and employment opportunities. Additionally, they can enhance the regional political integration and ensure that the immigration reforms are not restrictive to provide an opportunity for people to move from the nations experiencing inequality and high poverty levels. The developed world can offer to offer the training and improve the skill level of the locals, for this is one of the significant ways that they can assist in bridging the poverty levels in the region encountering difficulties.

References

Hulme, D. (2016). Should Rich Nations Help the Poor? Available from: Cambridge, Malden, Polity.

Lange, G.-M., Wodon, Q., Carey, K., & World Bank. (2018). The Changing Wealth of Nations 2018: Building a Sustainable Future. Available from: Washington, World Bank Group.

Ravallion, M. (2016). The Economics of Poverty: History, Measurement, and Policy. Available from: New York, Oxford University Press.

World Bank. (2018). Poverty and Shared Prosperity 2018: Piecing Together the Poverty Puzzle. Available from: Washington, D.C, World Bank.