One of the greatest problems of our time.
Eradicating poverty in all its forms, is the greatest global challenge and an indispensable requirement for sustainable development. Here are the 3 extremely effective solutions to poverty to illustrate that ending poverty is not impossible.
1. Rural Entrepreneurship: rural Entrepreneurs are the solution to poverty in Africa. Rural Africa is one of the most poverty-stricken regions of the world. Half of the global poor live in Sub-Saharan Africa and 389 million in this region live on less than $1.90. While other regions in the world have seen drastic reductions in poverty, progress in Sub-Saharan Africa has been slow. Village Enterprise provides a graduation program on entrepreneurship and innovation for those living in extreme poverty. Creating jobs in rural areas is a great way to reduce poverty. When people have jobs, they have income, and when people have income, they can more easily get themselves out of poverty. The U.N. says that “unemployment and underemployment lies at the core of poverty. For the poor, labor is often the only asset they can use to improve their well-being.”
2. Educating Women: the education of girls and women impacts the rest of the societies in which these girls and women live. A woman’s degree of education is linked to the age at which she marries and has children, to her health and diseases, to her economic opportunities, to her social standing, and to her general future wellbeing. Educating girls and women can reduce poverty in developing nations, as well as in the United States.3. Transparency in Government Spending: creating transparency in government spending of money can help reduce corruption in governments. When governments are accountable to their citizens for their action, or inaction, in different areas of the federal budget, the citizens will be able to accurately assess how well their leaders are leading their country. Also, it allows citizens to see if money is being taken away from poverty-reduction plans and into the pockets of their leaders, which could be a cause of a stagnant economy or job market.
These 3 solutions to poverty illustrate that there is a viable path forward in pursuit of alleviating global poverty and creating a n Africa in which all people can prosper.