ST.

VINCENT COLLEGE OF CABUYAO

Poverty
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A Final Paper
presented to the
Faculty of the Program of
Business Administration

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In partial fulfillment
of the requirements for
The Contemporary World

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By

Hazel Kay T. Inigo

I-BSBA

To

Ms. Carol Jane M. Palamara

October 2019

S.Y 2019-2020 MAMATID, CITY OF CABUYAO, LAGUNA (049) 502-2353

 ST. VINCENT COLLEGE OF CABUYAO
“In a country well governed, poverty is something to be ashamed of. In a country

badly governed, wealth is something to be ashamed of.” — Confucius, Chinese teacher

and philosopher

More than 20 percent of the world’s population lives in poverty. Poverty is a big

problem in the whole world, because thousands of people die each year due to this big

issue.

Poverty is an issue that needs to be address by everybody in the world because if no

one tries to something about it is going to keep getting worst as time goes on. This

research paper is to inform people about poverty, to make sure people understand what

poverty is, what is doing to us, and most important to inform about what they could do

to stop it. By informing people with all this information I would like to see them taking

action towers this issue, it would be very helpful if people help does with need after

reading this research paper. To help stop poverty we must help each other in any way

we can. Many of you may ask what poverty really means. Well poverty refers to the

condition of not having the means to afford basic human needs such as clean water,

nutrition, healthcare, clothing, food, and a warm place to live. Poverty is a deadly issue

that’s killing our population slowly. Poverty has been around for a long time now, it started

when all rich people began to get richer, by rich people getting richer they were making

other people poor, and let them to live without the humans needs. In my opinion all those

people that are now living in poor conditions should not be living like this if there is people

who could do something to help, by helping them am saying that they could use money

to make sure this people have a place to live, and food for their kids.

S.Y 2019-2020 MAMATID, CITY OF CABUYAO, LAGUNA (049) 502-2353

 ST. VINCENT COLLEGE OF CABUYAO
Poverty and inequality in the Philippines remains a challenge. In the past 4 decades,

the proportion of households living below the official poverty line has declined slowly and

unevenly.

Economic growth has gone through boom and bust cycles, and recent episodes of

moderate economic expansion have had limited impact on the poor. Great inequality

across income brackets, regions, and sectors, as well as unmanaged population growth,

are considered some of the key factors constraining poverty reduction efforts.

Causes of Poverty

The main causes of poverty in the country include the following:

● low to moderate economic growth for the past 40 years;

● low growth elasticity of poverty reduction;

● weakness in employment generation and the quality of jobs generated;

● failure to fully develop the agriculture sector;

● high inflation during crisis periods;

● high levels of population growth;

●high and persistent levels of inequality (incomes and assets), which dampen the positive
impacts of economic expansion; and

● recurrent shocks and exposure to risks such as economic crisis, conflicts, natural disasters,and
"environmental poverty."

S.Y 2019-2020 MAMATID, CITY OF CABUYAO, LAGUNA (049) 502-2353

 ST. VINCENT COLLEGE OF CABUYAO

S.Y 2019-2020 MAMATID, CITY OF CABUYAO, LAGUNA (049) 502-2353