• Tuesday, Sep 29, 2020
  • Last Update : 06:02 pm

We can beat poverty

  • Published at 11:24 pm December 18th, 2019
Poor
Photo: SYED LATIF HOSSAIN

The path out of poverty lies in tackling unemployment

That Bangladesh has come a long, long way since its days of famine and abject poverty is an incontrovertible truth.

With a rising middle class that is now able to afford products and services that, even a decade ago, were considered luxuries, our economy is better than it has ever been, with money in people’s pockets.

Of course, a great knock-on effect of a rising economy is a steadily declining poverty rate. According to projections made by the Bangladesh Bureau of Statistics, the poverty rate has declined to 20% in June of this year from 21.8% in the same month last year. Additionally, the rate of extreme poverty fell from 11.3% to 10.5% within the same time period.

According to the Planning Ministry, the biggest reason behind poverty rates plummeting so fast was the contribution made by labourers and farmers throughout the country. And it makes sense. Historically, it has been proven that the path out of poverty lies in tackling unemployment.

According to a World Bank report, between 2010 to 2016, some 8 million people were lifted out of poverty -- 90% of this poverty reduction and improvement in living standards are happening in rural areas, driven by higher labour incomes.

Creating more jobs throughout the various spheres of the economic ladder is key.

One of the more notable initiatives that the government has made, to that end, is the establishment of 100 special economic zones throughout the country, which is geared to create some 10 million jobs.

Sliding poverty rates are indeed a great sign of a healthy and happy nation, but they are often the result of the economy improving organically rather than though concerted efforts to tackle the issue of poverty. In order to do that, we need to pay attention to key issues such as climate change, natural disasters, public health, and improving our rural infrastructure.

57
55
blogger sharing button blogger
buffer sharing button buffer
diaspora sharing button diaspora
digg sharing button digg
douban sharing button douban
email sharing button email
evernote sharing button evernote
flipboard sharing button flipboard
pocket sharing button getpocket
github sharing button github
gmail sharing button gmail
googlebookmarks sharing button googlebookmarks
hackernews sharing button hackernews
instapaper sharing button instapaper
line sharing button line
linkedin sharing button linkedin
livejournal sharing button livejournal
mailru sharing button mailru
medium sharing button medium
meneame sharing button meneame
messenger sharing button messenger
odnoklassniki sharing button odnoklassniki
pinterest sharing button pinterest
print sharing button print
qzone sharing button qzone
reddit sharing button reddit
refind sharing button refind
renren sharing button renren
skype sharing button skype
snapchat sharing button snapchat
surfingbird sharing button surfingbird
telegram sharing button telegram
tumblr sharing button tumblr
twitter sharing button twitter
vk sharing button vk
wechat sharing button wechat
weibo sharing button weibo
whatsapp sharing button whatsapp
wordpress sharing button wordpress
xing sharing button xing
yahoomail sharing button yahoomail