Poverty alleviation,is a set of measures,both economic and humanitarian, that are intended to permanently lift people out of abject poverty. Poverty 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. Geoffrey Parker.
Poverty alleviation also involves improving the living conditions of people who are already poor. Particularly in the medical and scientific areas,is essential in providing better lives,such as the Green Revolution.
Poverty reduction is one of the world’s most important challenges, and it is proposed the private sector who also has an important role to play in creating the economic growth, employment and purchasing options needed for significant poverty reduction.
Why is it important to reduce poverty; Poverty is associated with a host of health risks, including elevated rates of heart disease, diabetes, hypertension, cancer, infant mortality, mental illness, undernutrition, lead poisoning, asthma, and dental problems.
Poor children are much more likely to have lower birth weight, and infants living in poor households face higher rates of food insecurity, which impairs healthy development. As adults, lower income individuals experience higher rates of illness, disease, and disabilities than those who have higher incomes.
Several poverty alleviation programmes around the world affirm that socio-political inclusion of the poor and vulnerable, improvement of social security, and livelihood enhancement coupled with activities including promoting opportunities for socio-economic growth, facilitating gender empowerment, improving facilities
Poverty alleviation strategies may be categorised into four types including community organisations based micro-financing, capability and social security, market-based, and good governance. Micro-finance, aimed at lifting the poor out of poverty, is a predominant poverty alleviation strategy.
The Top 10 Solutions to Cut Poverty and Grow the Middle Class involves
*Raise the minimum wage
*Increase the Earned Income Tax Credit for childless workers
*Support pay equity
*Provide paid leave and paid sick days
*Establish work schedules that work
*Invest in affordable, high quality *child care and early education
*Expand Medical aid