ESSAYS ON ASIA

 

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Essay on Poverty And Inequality In Asia

 


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Essay on Poverty And Inequality In Asia

After three decades of striving for economic growth, many countries in the Third World still face the stark reality of wrenching poverty and deteriorating living standards for their growing populations. Poverty continues to haunt the lives of more than one billion people around the developing world, many of them still living without electricity and running water. The slippage between economic growth and improvement of social welfare has spurred considerable interest in redefining development goals, focusing on the well-being of Third World populations (Goldstone, J. 1988).

To account for human development, one pivotal contributing factor is that of structural disarticulation, an economic and social feature manifested by uneven sectoral development and lack of correspondence between domestic production and consumption patterns (Easterlin, R.A. 1981). The presence of high levels of inequality, typically observed in Third World countries, has a profound negative impact on human development. Under such conditions, economic dynamism is confined to the modern industrial sector, leaving behind a stagnant agriculture sector and generating the "hypertrophy" of the service sector.

Such an unbalanced growth pattern signifies a troubled economic and social structure which debilitates Third World countries' ability to achieve sustainable development. Uneven sectoral development results in the economy's inability to absorb the excessive labor force in rural areas, leaving the vast majority of the population with minimum income to sustain their daily living.

Moreover, the inability to absorb the majority of the labor force into productive activities leads to weak purchasing power of the masses. This lack of correspondence between production and consumption stifles the driving forces of economic growth, crippling overall economic and social progress (Baulch. B. and N McCulloch, 1998). Man, the organisms which give him diseases, and the vectors (such as flies) which help transmit disease are all part of an ecological system. It is the interaction of man....

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