Eliminating Poverty

Paper Summary:

The paper discusses how poverty in great numbers naturally came with the development of larger communities and has worsened as many have not enjoyed the impact of economic expansion. The paper asserts that poverty cannot be eradicated until there is agreement on the underlying causes of the problem. The paper focuses on the views of John Kenneth Galbraith who believed eliminating poverty required different strategies in an especially diverse community of nations. The paper contends that it is difficult to imagine that poverty could not be eradicated; the question is whether enough people truly want to end poverty. The paper concludes that those individuals who like the status quo must understand that the "status quo" will ultimately destroy everyone--rich and poor alike.

From the Paper:

"Every day, according to the United Nations, about 30,000 people die because they are too poor to stay alive. Through its Millennium Development Goals, the U.N. pledged to help halve world poverty by 2015. Yet, is this possible? Hasn't the world always had those who were poor at the expense of those who had more? Scholars such as economist John Galbraith have argued that change is doable with a variety of different approaches. Poverty can also be reduced considerably if not eliminated entirely if there is a united effort. The question is what will it take to mount this united effort?"

Sample of Sources Used:

• Ayres, C. E. (1962) The Theory of Economic Progress: A Study of the Fundamentals of Economic Development and Cultural Change. New York: Schoken Books
• Galbraith, A. (1962). Economic Development in Perspective. Cambridge: Harvard University Press..
• ______(1964). Economic Development. Cambridge: Harvard University Press
• _______ (1994) Journey Through Economic Time: A Firsthand View. Boston: Houghton-Mifflin.
• Miller, M. (October 25, 2006) "Revolt of the fairly rich." CNN Money. Retrieved June 5, 2008. http://money.cnn.com/magazines/fortune/fortune_archive/2006/10/30/8391806/in dex.htm.

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