Skip to main content Accessibility help
×
Hostname: page-component-848d4c4894-x5gtn Total loading time: 0 Render date: 2024-04-30T10:41:22.817Z Has data issue: false hasContentIssue false

1 - Poverty, Economic Development, and International Trade

Published online by Cambridge University Press:  18 August 2009

Yong-Shik Lee
Affiliation:
Journal of World Trade
Get access

Summary

The Question of Poverty

In today's world of unprecedented technological and economic advances, the majority of the world population has not been able to share in this prosperity. Persistent poverty still remains in many parts of the world, and this human tragedy is one of the most pressing problems in our time. Nevertheless, despite some efforts by international organizations, poverty does not seem to receive priority consideration from leading nations that could provide key political and economic support toward resolving this problem. Consider this issue from another perspective: not only is the relief of persistent poverty our moral obligation but it is also consistent with our long-term security interest because societies with adequate economic resources are less likely to foster violence and terrorism that has torn our world apart throughout history.

How can this problem of poverty be resolved? Poor countries cannot indefinitely depend on donations from outside, even if such donations could be provided; the only lasting solution would be to create an economy in these countries through economic development that would provide inhabitants with adequate resources and sustain their living standard beyond subsistence. How can poor nations build such an economy? It has been suggested that poverty is not simply a result of bad economic policy; various political, social, and even cultural problems have also been cited as causes of poverty. Because these causes are rather various and complex, many believe that no simple solution to poverty is universally applicable.

Type
Chapter
Information
Publisher: Cambridge University Press
Print publication year: 2006

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

Save book to Kindle

To save this book to your Kindle, first ensure coreplatform@cambridge.org is added to your Approved Personal Document E-mail List under your Personal Document Settings on the Manage Your Content and Devices page of your Amazon account. Then enter the ‘name’ part of your Kindle email address below. Find out more about saving to your Kindle.

Note you can select to save to either the @free.kindle.com or @kindle.com variations. ‘@free.kindle.com’ emails are free but can only be saved to your device when it is connected to wi-fi. ‘@kindle.com’ emails can be delivered even when you are not connected to wi-fi, but note that service fees apply.

Find out more about the Kindle Personal Document Service.

Available formats
×

Save book to Dropbox

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Dropbox.

Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

Available formats
×