II. What are the challenges of the poverty and economic development? Discuss with a developing country example.
As a result of the poverty and lack of economic development in certain developing countries, it can be mentioned that the position of the countries lag behind many of the countries on the whole. The challenges of poverty and economic development include the lack of a proper government which may not be successful in implementing schemes, the lack of raw materials for improving the productivity of the country, the lack of skilled labor and other technicians who are quite known in certain expertise etc. The economic inequality can also be regarded as a factor of that can decide the level of poverty in a country on the whole. If all the factors are supplied in the desired proportions, all the challenges can be overcome which lead to reduction in poverty .
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