how to alleviate poverty and suffering in our world is one that has plagued the minds of people for years; the simple answer provided by many is simply to increase money, however does this increase really help alleviate poverty or does it have the potential to make the problem even worse?
An article which appeared August 21, 2007 in the International Herald Tribune entitled Managing Globalization: To reduce poverty, money isn’t everything by Daniel Altman addresses this issue by examining two South American countries Brazil and Venezuela. Incomes in both countries are rising but poverty is only actually being alleviated in Brazil despite Hugo Chavez’s socialist platform and agenda of equality for all. Incomes in Venezuela have been rising due to the high price of oil of which they have an abundant supply whereas Brazil’s economy has been rising due to “relatively firm economic policies” and “confidence in its business prospects among both locals and foreigners” (Managing Globalization by Altman). The poverty rate in Venezuela has been fluctuating since Chavez’s election from 50 percent when elected in 1999 to 60 percent in 2003 back down to 40 percent in 2005. The figures follow the level of economic growth more closely than the level of investment by Chavez’s governmen
Related Questions
- how to alleviate poverty and suffering in our world is one that has plagued the minds of people for years; the simple answer provided by many is simply to increase money, however does this increase really help alleviate poverty or does it have the potential to make the problem even worse?
- How many people in the world live in extreme poverty?
- How many people in the world live in poverty?
