Universitatea din Bucuresti, Facultatea de Administratie si Afaceri

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ISSN-L 1453-0503
ISSN (e) 2286-170X
ISSN (p) 1453-0503

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Poverty – a major economical problem

 

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  1. Authors:
      • Assistent Professor Somogyi János, Afiliation: Budapest University of Technology and Economics

    Pages:
      • 27|29

  2. Keywords: poverty, states, economy, crisis, nations

  3. Abstract:
    Poverty is the state for the majority of the world’'s people and nations. Yet there is plenty of
    food in the world for everyone. The problem is that hungry people are trapped in severe poverty. They lack
    the money to buy enough food to nourish them. Being constantly malnourished, they become weaker and often sick. This makes them increasingly less able to work, which then makes them even poorer and hungrier.
    This downward spiral often continues until death for them and their families.
    Why is this? How is to blame? Poor people for their own predicament? Have they been lazy, made
    poor decisions, and been solely responsible for their plight? What about their governments? Have they
    pursued policies that actually harm successful development? Such causes of poverty and inequality are no
    doubt real. But deeper and more global causes of poverty are often less discussed. This article explores various poverty problems in more depth.

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