Wednesday, March 19, 2008

Poverty Reduction

Bangladesh is an ever-growing country in finance and development. Since 1971 Bangladeshi people are working hard to change their lot, but a wide gap is prevailing between the rich and the poor. The rich are becoming richer but the poor are becoming poorer gradually. Thus poverty is increasing among the poor in the country. 80% of the people live below poverty line here.

There are many reasons of poverty in the country. Illiteracy is one of the main causes of poverty. Only about 60% people are literate here. So other people cannot think to develop their economic status. Even many people cheat and deprive the poor illiterate people.

There are some measures of reducing poverty. Micro credit can play very significant role in reducing poverty. Moreover, the Government along with development organizations are implementing Millennium Development Goals (MDG) and Poverty Reduction Strategies (PRS) in the country to alleviate poverty. Some renowned economists opined, ‘to reduce poverty we have to distribute the wealth equally and minimize the gap between the rich and the poor.’

In South Asia Bangladesh is playing a role model of economic growth, but due to some corruption and dishonesty some people are suffering from acute poverty while other people are compiling a mountain of wealth. So we have to come forward to alleviate poverty through possible best way soon.


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