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Poverty is a problem that has plagued humanity for centuries. Despite the efforts of

governments and charitable organizations, the number of people living in poverty has only

increased in recent years. In developed countries, the problem is often one of relative poverty,

where people may have enough to eat and a roof over their heads, but they cannot afford the

same standard of living as the rest of society. In developing countries, poverty is often a matter

of life and death, where people lack necessities such as food, shelter, and clean water. The causes

of poverty are many and varied, but they can be broadly divided into two categories: economic

and social. Economic factors include the global economy, trade policy, and inequality. Social

factors include discrimination, social exclusion, and the breakdown of families.

The issue of poverty is hotly debated by politicians, economists, and sociologists. There

are many opinions on the best way to solve the problem, and there is no easy answer. However,

what is clear is that something needs to be done to address the issue. In developed countries, this

means ensuring everyone has a basic standard of living; in developing countries, this means

ensuring that people have the necessities of life.

There are many different solutions to the problem of poverty, but they can be broadly

divided into two categories: economic and social. Economic solutions include job creation,

economic growth, and redistribution of wealth. Social solutions include things like education,

healthcare, and social welfare Lipton, (2551-2657). The issue of poverty is hotly debated by
politicians, economists, and sociologists. There are many opinions on the best way to solve the

problem, and there is no easy answer. However, what is clear is that something needs to be done

to address the issue. In developed countries, this means ensuring everyone has a basic standard

of living; in developing countries, this means ensuring that people have the necessities of life.

One of the solutions to the problem of poverty is economic growth. This can be achieved

through job creation, investment, and trade, Lipton, (2551-2657). Economic growth will lead to

higher incomes and more opportunities for people to escape poverty. One of the stakeholders in

this debate is the World Bank. The World Bank is an international financial institution that

provides loans to countries for development projects. The World Bank's goal is to reduce poverty

by promoting economic growth. The World Bank has said that "economic growth is the most

powerful instrument for reducing poverty and improving living standards."

The other stakeholder in this debate is the International Monetary Fund. The IMF is an

international organization that works to promote global economic stability. The IMF has said that

"economic growth is essential for reducing poverty."

Evidence supports the claim that economic growth is a solution to poverty. For example,

between 1990 and 2010, the proportion of the world's population living in extreme poverty fell

from 37 per cent to 14 per cent. This is due to economic growth in many developing countries.

For example, economic growth in China has lifted millions of people out of poverty. However,

there are also some drawbacks to this solution, Pogge, (56-68). Economic growth can lead to

inequality, as the benefits of growth are not always evenly distributed. Additionally, economic

growth can have adverse environmental effects, such as pollution and climate change.

The other solution to the problem of poverty is social welfare. This can be achieved

through education, healthcare, and social assistance. Social welfare will help to improve the lives
of people living in poverty and allow them to escape poverty. One of the stakeholders in this

debate is the United Nations. The UN is an international organization that works to promote

peace and development, Pogge, (56-68). The UN has said that "poverty eradication is an

overriding priority." The UN has also said that social welfare is "essential for reducing poverty."

The other stakeholder in this debate is Oxfam. Oxfam is an international charity that

works to end poverty and injustice. Oxfam has said that "social protection is essential for

reducing poverty and inequality." Evidence supports the claim that social welfare is a solution to

poverty. For example, research has shown that education can help to reduce poverty, Thompson,

(92-98). Education gives people the skills and knowledge they need to find better-paying jobs.

Healthcare can also help to reduce poverty, as it helps people to stay healthy and productive.

However, there are also some drawbacks to this solution. Social welfare programs can be

expensive to implement and maintain. Additionally, social welfare programs can be abused by

people, not in need.

In conclusion, the two solutions to the problem of poverty are economic growth and

social welfare. Both of these solutions have their benefits and drawbacks. However, the biggest

problem with these solutions is that they are not always practical. Economic growth can lead to

inequality, and social welfare programs can be abused. The best way to resolve the issue of

poverty is to find a way to combine the two solutions so that the benefits of economic growth are

shared more evenly and social welfare programs are better targeted.
 Work cited
Lipton, Michael, and Martin Ravallion. "Poverty and policy." Handbook of development
economics 3 (1995): 2551-2657.
https://www.sciencedirect.com/science/article/pii/S157344719530018X
Alcock, Pete, and Jo Campling. Understanding poverty. London: Macmillan, 1997.
https://proformas.ljmu.ac.uk/5510SWCBAP.pdf
Pogge, Thomas. "World poverty and human rights." Ethics & international affairs 19.1 (2005):
1-7. https://www.cambridge.org/core/journals/ethics-and-international-affairs/article/
world-poverty-and-human-rights/A647319E9BEE481BAABCADD0B982D89D
Thompson, E. P. P. Poverty of theory. nyu Press, 1978. https://www.jstor.org/stable/1911028