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To what extent is global poverty a harm inflicted bye the global economy​?.

Sagot :

Unnie347idn

Answer:

Globalization and Poverty yield several implications. First, impediments to exports from developing countries worsen poverty in those countries. Second, careful targeting is necessary to address the poor in different countries who are likely to be hurt by globalization.

How does poverty affect the economy?

  • When people are poor, they need their income for subsistence. Due to this, they are unable to invest in human capital, physical capital, and their own health. As a result, investments in the economy are reduced, resulting in a less productive workforce.

What impact does poverty have on the world?

  • Poor infrastructures, unemployment, lack of basic services and income reflect on their lack of education, malnutrition, violence at home and outside, child labor, and diseases of all kinds, transmitted by the family or through the environment. Read more about children in poverty.
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