Vicious circle of poverty


Wafa Aftab

Poverty is a great curse in world. It is major barrier in economic development. Vicious circle is poverty causes underdevelopment of poor countries. A country is poor and remains poor because its human capital is under-utilised, thus leading to technologically backwardness. They are mostly illiterate wand lack ability to work.
The absence of skilled manpower gives way to low level production that leads to low level income and savings and so poverty rules the roost. The government needs to start those projects and industries that could provide better living standard to the masses and so alleviate poverty in Pakistan.
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