A Review of the Strategies Adopted by Some Poor Nations to Alleviate Poverty

Abstract

Being poor is a situation of having to live in inadequacy, lack, scarcity, destitution and deficiency of economic, political and social resources. Poverty kills the moral of the people, it destroys hope and happiness and it creates resentments and envy for the rich. When people do not get what they desire to make them comfortable in life, it’s like the best part of them have been taken away. Poverty is affecting relationships within the families must especially the relationship between man and women. Many lose their self-esteem and sense of personal competence. Child abuse and prostitution are outcome of poverty, arm robbery, street begging and other vices associated with poverty. Many developed nations have been pledged with what is described above. The aim of this study is to examine the five poorest countries of the world and their poverty reduction strategies adopted by their countries or leaders. The main contributing factors of poverty and their underlying effects were discussed in this study. The methodology used for collecting data was secondary source. The study concluded that there are some poverty alleviation strategies which, if adopted; it will make the achievement of poverty alleviation possible.

DOI: 10.5901/mjss.2014.v5n27p318