What is the relationship between economic growth and lowering poverty?

The relationship between economic growth and reduced poverty involves an analysis of how economic growth affects the poor and whether it helps the poor leads to economic growth. One of the common arguments is that economic growth is necessary to reduce poverty, but it is not enough to eliminate the problem. Focus specifically on the reduction of poverty, some people claim, strengthen economic growth. Some say that poverty reduction requires focus on politicians that specifically help the poor. Others believe that the poor must be authorized to impact on economically privileged groups and politicians, which encourages them to support the legal regulations that benefit the whole society.

Economic growth and reduction of poverty is related to the fact that the first is generally considered to be a necessary requirement. If the company lacks economic growth, sources will become limited, which affects many segments of the population. Generation of a new enterprise, Market Competition, employment growth, loan access and availability available to healthCare creates greater economic potential for all members of the company. In the economic recession there is more competition for jobs, fewer people buy, and businesses are often forced to switch from business. Economic growth is therefore an essential part of poverty reduction and can potentially benefit all society segments.

Although economic growth is considered beneficial for societies, focusing specifically on the reduction of poverty claims that some people are an essential step in helping the poor. Tax cuts; Providing financial assistance, work training and placement; And providing people more access to education and health care are commonly proposed solutions. According to this argument, the problem of poverty will be unadnitious unless common efforts are made to meet the needs of the poor. Improvement of the situation will be reflected in the poor will allow them to contribute to economic growth by bringingLarger innovation and enterprise. Legislation, which helps the poor, often contradicts the financial interests of the rich, usually requires to pay higher taxes.

Another school of thought about economic growth and reduction of poverty is that the improvement of the poor situation depends on the creation of a mutually advantageous situation for all. If the rich live in comfortable conditions, they do not have to empathize with the poor problems. Promoting policy under these circumstances usually leans to protect their own interests. The creation of legislative changes that benefit the needy believe that it will only occur as a result of the promotion of policies that help all society. According to this argument, it is important to encourage and educate the poor to express their needs and influence themselves in society through voting and political involvement.