POVERTY- A SOCIETAL ISSUE2 Poverty as a societal issue A societal issue is a dilemma that affects multiplepeople within a society (Homan, 2016). Poverty hasbecomethe biggest problem for a substantial majority of the worldwide population. Poverty requires more than wage scarcity and productive capital to maintain healthy livelihoods. Their symptoms includemalnutrition andhunger, inadequate access to education, lack of decision involvement, social inequality, and alienation.Therefore, poverty can trigger bribery, illness, corruption,lack of education, unemployment, domestic violence, drug addiction, etc. (Morris et al., 2018). Two recommendations for resolving poverty issue Entrepreneurship as a path to poverty reduction Withmorethanathirdoftheworldwidepopulationislivinginpoverty, entrepreneurship scholars must strive to examine challenges that promote and maintain entrepreneurship in those who are living below the poverty line as a way to better their lives. From an entrepreneurial and emerging business viewpoint, the poverty demographic of the worldseems to be a huge potential market to sell a range of products and services. Therefore, instead of treating the poor as a labor market, the path to cater to poverty lies in realizing how to empower those who live in poverty to build their initial businesses. The entrepreneurship among those in poverty would eventually establish an everlastingsolution to their poverty (Bruton et al., 2015). Redistribution of national public expenditures to reduce poverty Most developedcountriesarecommonlybelievedto have inadequatefinancial resourcestoshiftpublicspendingtoresolvetheglobalpovertygap.However,on average,this is no longerremainsan issue, and many of the governments ofdeveloped countriesnowhaveenoughfinancialandotherresourcestominimizeextremeglobal poverty.The resources that have been allocated only in limited hands can produce better
POVERTY- A SOCIETAL ISSUE3 results if the government redistributes those resourcesto meet basic societalrequirements. Consequently, much of global poverty could be ended by the redistribution of national public spending in an effective manner (Hoy and Sumner, 2016). Two ethical challenges may arise from recommendations Starting any setup and becoming an entrepreneur needs some initial investment along with entrepreneurial abilities. It usually could become a problem for the poorest citizens starting setup and spending because of high levelsof unemployment.Thus, there are enormous chances ofa rise in crime rates, and people who are suffering fromextreme poverty mayengage in certain criminal activities such as robbery. Thiscan eventually lead to asignificant ethical challenge (Zaefarian et al., 2015; National Organization for Human Services, n.d). A major ethicalproblem that can emergein order to alleviatepovertyby the redistribution of national public expenditure is a component of inequality treatment with citizens. The government can become biased while redistributing resources and canprefer to support only certain people of their choice. The government may also allocate huge amounts of money in some specific industries which evendo not operate forcollective welfare (Levy and Schady, 2017). Way to address these ethical challenges? Toovercometheethicalproblemsthatmayemergefromtheentrepreneurial recommendation,itisproposedthatsomepeoplefrompovertyareasmaybecome entrepreneurs whileothers canwork there as employees based on their skills. The rationale is that everyone cannot become anentrepreneurbecause of having different skill sets.Some people might possess leadership qualities and a risk-taking mindset. On the other hand, other people may possess the abilities of a good follower (Iwu et al., 2016). In this way, the circulation of money will also remain in balance.Furthermore, to minimize poverty, elite
POVERTY- A SOCIETAL ISSUE4 class or other organizations can promote entrepreneurial growth through initial investments (Bruton et al., 2015;Smith & Jemal, 2015). Strict rules and policies of accountability and transparency in mechanisms might be introduced in which each and everyone should be kept responsible for their activities and resource distribution, although it takes some time to render processes smooth. However, if the government takes appropriate steps and practices to redistribute available resources on the basis of equity, especially in those areas where high poverty levels exist, then ethical problems can be addressed effectively (Mejía Acosta, 2016).
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POVERTY- A SOCIETAL ISSUE5 References Bruton, G. D., Ketchen Jr, D. J., & Ireland, R. D. (2015). Entrepreneurship as a solution to poverty.JournalofBusinessVenturing,28(6),683-689.doi: https://doi.org/10.1016/j.jbusvent.2013.05.002 Homan, M. S. (2016).Promoting community change: Making it happen in the real world. Nelson Education, 47-56 [Print] Hoy, C., & Sumner, A. (2016). Global poverty and inequality: is there a new capacity for redistribution in developing countries?.Journal of Globalization and Development,7(1), 117-157.doi:https://doi.org/10.1515/jgd-2016-0021 Iwu, C. G., Gwija, S., Tengeh, R., Cupido, C., & Mason, R. B. (2016). The Unique Role of theSurvivalistRetailEntrepreneurinJobCreationandPovertyReduction. ImplicationsforActiveStakeholderParticipation.ActaUniversitatisDanubius. Œconomica,12(4). 16-37 [Print] Levy, S., & Schady, N. (2017). Latin America's social policy challenge: Education, social insurance,redistribution.JournalofEconomicPerspectives,27(2),193-218.doi: https://doi.org/10.1257/jep.27.2.193 National Organization for Human Services. (n.d.)Ethical standards from human services professionals'.Retrievedfromhttp://www.nationalhumanservices.org/ethical- standards-for-hs-professionals. Mejía Acosta, A. (2016). The impact and effectiveness of accountability and transparency initiatives: The governance of natural resources.Development Policy Review,31, s89- s105. Doi:https://doi.org/10.1111/dpr.12021
POVERTY- A SOCIETAL ISSUE6 Morris, K., Mason, W., Bywaters, P., Featherstone, B., Daniel, B., Brady, G., ... & Webb, C. (2018). Social work, poverty, and child welfare interventions.Child & Family Social Work,23(3), 364-372. doi:https://doi.org/10.1111/cfs.12423 Smith, V. C., & Jemal, A. (2015). Addressing the health of formerly imprisoned persons in a distressed neighborhood througha community collaborative board.Health Promotion Practice, 16(5), 733-744. doi:10.01177/1524839915588293 Zaefarian, R., Tasavori, M., & Ghauri, P. N. (2015). A corporate social entrepreneurship approachtomarket-basedpovertyreduction.EmergingMarketsFinanceand Trade,51(2), 320-334. doi:https://doi.org/10.1080/1540496X.2015.1021606