Book Reviews | Gordon Campbell | News Flashes | Scoop Features | Scoop Video | Strange & Bizarre | Search

 


Sarup: Economic Reform for Poverty Eradication

Economic Reform for Poverty Eradication


By Kamala Sarup

I always use the expression "economic reform policy". Apparently, someone wanted to distinguish between the ancient Greek economic system, which was not very pro poor, since only a select few could benefit, and the current economic policy, where much more of the population can benefit.

It is a useful phrase to me, since everyone knows what current economic reforms are all about.

In fact, economic reform policy can satisfy both the rich and poor because there are lots of goods and services from which the rich and poor can share. There are lots of different investments from which the rich and poor can choose.

For example, If this year in the US the rich and poor people want to buy more vacations instead of cars, then some cars might go unsold until they are unloaded at a low price, which may be less than the cost. In this case, the car manufacturer guessed poorly on the market for cars and suffers the consequences. The investors in his company suffer too.

If the vacationers are in larger numbers than usual, the hotel rooms might be filled, so the people with money cannot obtain vacation accommodations and have to use it to buy other goods and services maybe cars or invest it maybe in vacation hotels. However, the economy always buy consumer or producer goods and services that are available to be sold.

On the other side, we should remember that there is a huge amount of poverty in the world today.

Even if redistributing income from the rich to the poor, this does not close the inequality gap sufficiently to prevent poverty.

And also, the poor buy less expensive things and invest less.

But, economic reforms policy always develop to produce valuable goods and services.

We should remember, if the average real wage declines, the lowest jobs receiving less. And if their money goes to foreign workers and to the upper economic classes, than it will cause suffering for the poorer people.

We also have to remember that some countries cannot benefit much from economy if they have no ocean shores from which they can send goods to other parts of the world cheaply.

Why is this?

There is much talk but only a little action to reduce global poverty.

*************

Journalist and Story Writer Kamala Sarup is an editor of peacejournalism.com. Some of the main focus of the e-magazine have been on disarmament, conflict resolution, nonviolent sanctions, conflicts and crises. Its activities include training,research and supports peace, democracy and development in societies undergoing crisis and change. Kamala Sarup is specialising in in-depth reporting and writing on Peace Resolutions, Anti war, Women, Terrorism, Anti Fascism, Democracy, and Development.

© Scoop Media

 
 
 
 
 
Top Scoops Headlines

 

Werewolf: Living With Rio’s Olympic Ruins

Mariana Cavalcanti Critics of the Olympic project can point a discernible pattern in the delivery of Olympics-related urban interventions: the belated but rushed inaugurations of faulty and/or unfinished infrastructures... More>>

Live Blog On Now: Open Source//Open Society Conference

The second annual Open Source Open Society Conference is a 2 day event taking place on 22-23 August 2016 at Michael Fowler Centre in Wellington… Scoop is hosting a live blog summarising the key points of this exciting conference. More>>

ALSO:

Buildup:

Gordon Campbell: On The Politicising Of The War On Drugs In Sport

It hasn’t been much fun at all to see how “war on drugs in sport” has become a proxy version of the Cold War, fixated on Russia. This weekend’s banning of the Russian long jumper Darya Klishina took that fixation to fresh extremes. More>>

ALSO:

Binoy Kampmark: Kevin Rudd’s Failed UN Secretary General Bid

Few sights are sadder in international diplomacy than seeing an aging figure desperate for honours. In a desperate effort to net them, he scurries around, cultivating, prodding, wishing to be noted. Finally, such an honour is netted, in all likelihood just to shut that overly keen individual up. More>>

Open Source / Open Society: The Scoop Foundation - An Open Model For NZ Media

Access to accurate, relevant and timely information is a crucial aspect of an open and transparent society. However, in our digital society information is in a state of flux with every aspect of its creation, delivery and consumption undergoing profound redefinition... More>>

Keeping Out The Vote: Gordon Campbell On The US Elections

I’ll focus here on just two ways that dis-enfranchisement is currently occurring in the US: (a) by the rigging of the boundary lines for voter districts and (b) by demanding elaborate photo IDs before people are allowed to cast their vote. More>>

Ramzy Baroud: Being Black Palestinian - Solidarity As A Welcome Pathology

It should come as no surprise that the loudest international solidarity that accompanied the continued spate of the killing of Black Americans comes from Palestine; that books have already been written and published by Palestinians about the plight of their Black brethren. In fact, that solidarity is mutual. More>>

ALSO:


Get More From Scoop

 
 
 
 
 
 
 
Top Scoops
Search Scoop  
 
 
Powered by Vodafone
NZ independent news