Essay Paper on Poverty

Poverty is defined by the Gage Canadian Dictionary as the condition of being poor or needy; the condition of not having enough income to maintain a standard of living regarded as normal in a community; the renunciation of the right to own property as an individual; emphasizes on being in actual need, owning nothing at all or having not enough for all the necessities of life. Deficiency according also to the Gage Canadian Dictionary pertains to lack or absence of something needed or required; incompleteness; the amount by which something falls short or too small. For less developed countries, poverty is often based on absolute approaches referring to monetary variables, for example, for countries where poverty can be realistically defined as a condition lower than the subsistence level, as observed. Such definition does not seem to work for developed countries. For reasons, it does not seem acceptable to use measures based on simple subsistence.

Measures based only on income or consumption expenditure is not enough because the relationship between these variables and the actual living conditions is not sufficiently strong. But this consideration on income is still valid for developed countries, where there is undoubtedly an indicator of poverty. Whatever maybe the main indication in determining poverty, somehow, it is global problem which all of the nations are facing, not just the third world countries but also those developing countries as well like the United States, which is a very rich country. According to Bradley R. Schiller, “America produces more than 20 percent of the world’s output”. Though this is a fact proof of supposedly poverty-free country, it is still a hot issue though, like that also of Canada, also considered a developed country.

Still the question remains- what are the causes of poverty? When we know its causes, then it would be easier to tract down certain solutions to overcome it. The presence of poor people in the midst of the world’s rich countries has to be explained, same as the poor from third world countries. I do believe that whatever nation each of us belongs to, reasons on this aspect are similar and that we have to extract on.
We are also aware of the present situation globally affecting us; this is regarding United States and Iraq. Many of us fear the consequences, especially for the poor, for we’re aware that this will make way for crisis.

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