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According to the World Bank and International Monetary Fund (IMF), over one billion people in the...

According to the World Bank and International Monetary Fund (IMF), over one billion people in the world today are caught in the poverty trap. Identify key economic, social, or political reasons why some people within the developing world live on $1 a day. Next, determine at least three (3) possible economic, social, or political steps that developing countries overall can take to extricate their poor citizens from this dilemma.

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Answer #1

The main reasons for people being trapped in poverty are

1. Political instability

2. Discrimination and Social inequality

3. Vulnerability to Natural Disasters

4. Corruption

5. Over population

Steps to solve the issue of Poverty in this world are

1. Develop and Implement rapid and sustained economic growth policies and programs.

2. Improve Management of Natural resources

3. Investing and Implementing agricultural programs

4. Develop and Implement better trading opportunities for the poor

5. Creating awareness and Providing better access to social services

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