11 Facts About Poverty reduction

Poverty reduction, poverty relief, or poverty alleviation, is a set of measures, both economic and humanitarian, that are intended to permanently lift people out of poverty.

Measures, like those promoted by Henry George in his economics classic Progress and Poverty reduction, are those that raise, or are intended to raise, ways of enabling the poor to create wealth for themselves as a conduit of ending poverty forever.

Poverty reduction has been historically accepted in some parts of the world as inevitable as non-industrialized economies produced very little, while populations grew almost as fast, making wealth scarce.

Poverty reduction occurs largely as a result of overall economic growth.

Poverty reduction alleviation involves improving the living conditions of people who are already poor.

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One of the most popular of the new technical tools for economic development and poverty reduction are microloans made famous in 1976 by the Grameen Bank in Bangladesh.

Examples of good governance leading to economic development and poverty reduction include Thailand, Taiwan, Malaysia, South Korea, and Vietnam, which tend to have a strong government, called a hard state or development state.

Poverty reduction requires governments to identify and reach out to extremely poor and help them out of poverty through sustainable measures.

In spite of the intensive reduction strategies deployed in the previous two decades, poverty levels in several countries of the world has not been reduced.

Unless suitable reduction procedures are formulated and implemented in the near future, rustic poverty will probably be a real issue for quite some long time.

Polak had previously promoted this approach in his previous book, Out of Poverty reduction, that described the work of International Development Enterprises, which he had formed in 1982.