Can Poverty Be Completely Eliminated?

Can Poverty Be Completely Eliminated?

The question as to whether poverty can be completely eliminated is a difficult one. We can start by posing this question in one of the first world countries, where some considerable ground in the fight against poverty has been covered. In that case, we are likely to find optimistic answers: given the ground that has already been covered in such countries (in the fight against poverty), and – consequently – the relatively smaller numbers of truly poor people remaining in such countries. With that scenario, one finds it easy to start thinking/imagining about the total elimination of poverty. If, on the other hand, we pose the question as to whether poverty can be completely eliminated in one of the third world countries, we are likely to get more pessimistic answers. In such countries, poverty abounds. The numbers of truly poor people are massive. These are places where you even encounter folks who have no idea what a bank account or a credit card is. With such a scenario, the fight against poverty seems to be an impossible one.

On my part, I am of the view that poverty can indeed be completely eliminated. If some countries – for instance, the Scandinavian countries such as Norway and Sweden – have been able to remove nearly all their people from poverty, surely other nations can achieve the same results too. But nobody should expect this to be an easy fight. There are people who benefit from poverty. There are people whose interests are best served by keeping the masses poor. Such people are likely to be vehemently opposed to any attempts to eliminate poverty.

The key to pulling the masses out of poverty is by creating decent jobs for all people. In the USA, you have companies like UPS that employed huge numbers of people. In the case of UPS, the employees even have a special HR website, namely www.upsers.com. That is quite different from the main UPS website where the clients are supposed to go for things like UPS package tracking as well as mail delivery costs estimation purposes. Unfortunately (and unbelievably), there are other nations where such successful enterprises are frustrated. Those are the nations that end up being unattractive to investors. And when that happens, poverty becomes inevitable: given the fact that in today’s globalized world, the key to nation’s financial prosperity (and poverty elimination) lies in the ability to attract foreign direct investment.