The relationship between poverty and economic growth
Order ID 53563633773 Type Essay Writer Level Masters Style APA Sources/References 4 Perfect Number of Pages to Order 5-10 Pages
The relationship between poverty and economic growth
Poverty and economic growth are closely linked, with poverty reduction being a key goal of economic growth strategies. This essay will explore the relationship between poverty and economic growth, examining how economic growth can lead to poverty reduction and how poverty can hinder economic growth.
Firstly, economic growth can lead to poverty reduction by creating job opportunities and increasing incomes. As the economy grows, more jobs become available, and wages tend to increase. This can help to reduce poverty by providing people with the means to meet their basic needs, such as food, housing, and healthcare.
Secondly, economic growth can lead to poverty reduction by increasing access to education and healthcare. As the economy grows, more resources become available for education and healthcare, which can help to improve the overall health and wellbeing of the population. This can help to reduce poverty by reducing the incidence of illness and increasing access to opportunities for upward mobility.
Thirdly, economic growth can lead to poverty reduction by improving infrastructure and reducing inequalities. As the economy grows, more resources become available for infrastructure development, such as roads, bridges, and public transportation. This can help to reduce inequalities by improving access to resources and opportunities for people living in rural or isolated areas.
However, poverty can also hinder economic growth by creating social and economic barriers to growth. Those living in poverty may lack access to education, healthcare, and job opportunities, which can limit their ability to participate in the economy. Additionally, poverty can lead to social unrest and political instability, which can undermine economic growth.
Furthermore, poverty can also lead to the emergence of informal economies and black markets. These unregulated economic activities can be a drain on the formal economy, as they often operate outside of the law and may not contribute to taxes or economic growth.
To address the relationship between poverty and economic growth, it is essential to focus on policies that promote economic growth while also reducing poverty. This may include policies that encourage investment in education and healthcare, promote infrastructure development, and reduce inequalities.
Additionally, addressing poverty and economic growth may require policies that promote inclusive growth, such as improving access to finance and reducing barriers to entrepreneurship. This can help to ensure that the benefits of economic growth are distributed more equitably and that those living in poverty are able to participate in the economy.
In conclusion, poverty and economic growth are closely linked, with economic growth providing the means to reduce poverty and poverty creating social and economic barriers to growth. To address this relationship, it is essential to focus on policies that promote inclusive growth while also reducing poverty and addressing inequalities. Only by doing so can we hope to create sustainable economic growth and reduce poverty for all.
The relationship between poverty and economic growth
QUALITY OF RESPONSE NO RESPONSE POOR / UNSATISFACTORY SATISFACTORY GOOD EXCELLENT Content (worth a maximum of 50% of the total points) Zero points: Student failed to submit the final paper. 20 points out of 50: The essay illustrates poor understanding of the relevant material by failing to address or incorrectly addressing the relevant content; failing to identify or inaccurately explaining/defining key concepts/ideas; ignoring or incorrectly explaining key points/claims and the reasoning behind them; and/or incorrectly or inappropriately using terminology; and elements of the response are lacking. 30 points out of 50: The essay illustrates a rudimentary understanding of the relevant material by mentioning but not full explaining the relevant content; identifying some of the key concepts/ideas though failing to fully or accurately explain many of them; using terminology, though sometimes inaccurately or inappropriately; and/or incorporating some key claims/points but failing to explain the reasoning behind them or doing so inaccurately. Elements of the required response may also be lacking. 40 points out of 50: The essay illustrates solid understanding of the relevant material by correctly addressing most of the relevant content; identifying and explaining most of the key concepts/ideas; using correct terminology; explaining the reasoning behind most of the key points/claims; and/or where necessary or useful, substantiating some points with accurate examples. The answer is complete. 50 points: The essay illustrates exemplary understanding of the relevant material by thoroughly and correctly addressing the relevant content; identifying and explaining all of the key concepts/ideas; using correct terminology explaining the reasoning behind key points/claims and substantiating, as necessary/useful, points with several accurate and illuminating examples. No aspects of the required answer are missing. Use of Sources (worth a maximum of 20% of the total points). Zero points: Student failed to include citations and/or references. Or the student failed to submit a final paper. 5 out 20 points: Sources are seldom cited to support statements and/or format of citations are not recognizable as APA 6th Edition format. There are major errors in the formation of the references and citations. And/or there is a major reliance on highly questionable. The Student fails to provide an adequate synthesis of research collected for the paper. 10 out 20 points: References to scholarly sources are occasionally given; many statements seem unsubstantiated. Frequent errors in APA 6th Edition format, leaving the reader confused about the source of the information. There are significant errors of the formation in the references and citations. And/or there is a significant use of highly questionable sources. 15 out 20 points: Credible Scholarly sources are used effectively support claims and are, for the most part, clear and fairly represented. APA 6th Edition is used with only a few minor errors. There are minor errors in reference and/or citations. And/or there is some use of questionable sources. 20 points: Credible scholarly sources are used to give compelling evidence to support claims and are clearly and fairly represented. APA 6th Edition format is used accurately and consistently. The student uses above the maximum required references in the development of the assignment. Grammar (worth maximum of 20% of total points) Zero points: Student failed to submit the final paper. 5 points out of 20: The paper does not communicate ideas/points clearly due to inappropriate use of terminology and vague language; thoughts and sentences are disjointed or incomprehensible; organization lacking; and/or numerous grammatical, spelling/punctuation errors 10 points out 20: The paper is often unclear and difficult to follow due to some inappropriate terminology and/or vague language; ideas may be fragmented, wandering and/or repetitive; poor organization; and/or some grammatical, spelling, punctuation errors 15 points out of 20: The paper is mostly clear as a result of appropriate use of terminology and minimal vagueness; no tangents and no repetition; fairly good organization; almost perfect grammar, spelling, punctuation, and word usage. 20 points: The paper is clear, concise, and a pleasure to read as a result of appropriate and precise use of terminology; total coherence of thoughts and presentation and logical organization; and the essay is error free. Structure of the Paper (worth 10% of total points) Zero points: Student failed to submit the final paper. 3 points out of 10: Student needs to develop better formatting skills. The paper omits significant structural elements required for and APA 6th edition paper. Formatting of the paper has major flaws. The paper does not conform to APA 6th edition requirements whatsoever. 5 points out of 10: Appearance of final paper demonstrates the student’s limited ability to format the paper. There are significant errors in formatting and/or the total omission of major components of an APA 6th edition paper. They can include the omission of the cover page, abstract, and page numbers. Additionally the page has major formatting issues with spacing or paragraph formation. Font size might not conform to size requirements. The student also significantly writes too large or too short of and paper 7 points out of 10: Research paper presents an above-average use of formatting skills. The paper has slight errors within the paper. This can include small errors or omissions with the cover page, abstract, page number, and headers. There could be also slight formatting issues with the document spacing or the font Additionally the paper might slightly exceed or undershoot the specific number of required written pages for the assignment. 10 points: Student provides a high-caliber, formatted paper. This includes an APA 6th edition cover page, abstract, page number, headers and is double spaced in 12’ Times Roman Font. Additionally, the paper conforms to the specific number of required written pages and neither goes over or under the specified length of the paper.
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