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    Vicious Cycle of Poverty

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    anie valencia
    The document discusses the vicious cycle of poverty that tends to perpetuate poverty in poor countries. It describes how factors like low productivity, low salaries, lack of infrastructure, business failures, diseases, and lack of access to resources can continue the cycle of poverty unless there is outside intervention. These issues on both the demand side and supply side reinforce one another and keep countries in a state of low income and underdevelopment.

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    Vicious Cycle of Poverty

    Uploaded by

    anie valencia
    16 views16 pages
    The document discusses the vicious cycle of poverty that tends to perpetuate poverty in poor countries. It describes how factors like low productivity, low salaries, lack of infrastructure, business failures, diseases, and lack of access to resources can continue the cycle of poverty unless there is outside intervention. These issues on both the demand side and supply side reinforce one another and keep countries in a state of low income and underdevelopment.

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    The document discusses the vicious cycle of poverty that tends to perpetuate poverty in poor countries. It describes how factors like low productivity, low salaries, lack of infrastructure, business failures, diseases, and lack of access to resources can continue the cycle of poverty unless there is outside intervention. These issues on both the demand side and supply side reinforce one another and keep countries in a state of low income and underdevelopment.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    16 views16 pages

    Vicious Cycle of Poverty

    Uploaded by

    anie valencia
    The document discusses the vicious cycle of poverty that tends to perpetuate poverty in poor countries. It describes how factors like low productivity, low salaries, lack of infrastructure, business failures, diseases, and lack of access to resources can continue the cycle of poverty unless there is outside intervention. These issues on both the demand side and supply side reinforce one another and keep countries in a state of low income and underdevelopment.

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    Development Communication

    Vicious Cycle
    of Poverty
    Vicious Cycle of
    Poverty

    It implies a circular
    constellation of forces
    tending to act and react upon
    one another in such a way as
    to keep poor country in a
    state of poverty.
    In economics, the cycle of poverty is the “Set of factors or
    events by which poverty, once started, is likely to continue
    unless there is outside intervention“.
    The poverty cycle can be called the “Development trap"
    when it is applied to countries.
    Causes of poverty
    • Low productivity rates
    • Low salary
    • Low infrastructure and corrupt governance
    • Business failure
    • Ignorance, lack of skills and technology
    • Unhealthy or diseases
    • Disaster
    • Inability to access to resources such as land, finance, information, technical
    assistances, etc.
    • No on-going education
    A country is poor because it is poor.

    This Photo by Unknown Author is licensed under CC BY


    Poor underfed

    unhealthy

    jobless
    Low working
    capacity
    underfed
    DEMAND SIDE SUPPLY SIDE
    Low income Low income

    Low demand Low savings

    Low investment Low investment

    Capital deficiency Capital deficiency

    Low productivity Low productivity

    Low income Low income


    Underdevelopment

    It refers to the state of an economy where levels of living of masses


    are extremely low due to very low levels or per capita income resulting
    from low levels of productivity and high growth rates of population.

    Underdeveloped countries are now known as “developing countries”


    signifying that such nations are capable of and are indeed making
    serious efforts to overcome their problems of poverty and low income.
    UN Classification

    According to the United Nations’ definition, an


    underdeveloped country is one which has a real per capita
    income that is lower in relation to the real per capita income of
    the USA, Canada, Australia and Western Europe .
    Third World Concept
    How is the Philippines as underdeveloped
    country?
    Sustainable Development Goals
    • Otherwise known as “Global Goals” were adopted by the
    United Nations in 2015 as a universal call to action to end
    poverty, protect the planet, and ensure that by 2030 all people
    enjoy peace and prosperity.
    • The SDGs are designed to end poverty, hunger, AIDS, and
    discrimination against women and girls.
    1. No poverty

    2. Zero hunger

    3. Good health and well-being

    17 SDGS: 4. Quality education

    5. Gender equality

    6. Clean water and sanitation

    7. Affordable and clean energy


    8. Decent work and economic growth

    9. Industry, Innovation and Infrastucture

    10. Reduced inequalities

    17 SDGS: 11. Sustainable cities and communities

    12. Responsible consumption and production

    13. Climate action

    14. Life below water


    15. Life on Land

    16. Peace, justice and strong institutions

    17. Partnerships for the goals

    17 SDGS:

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