Poverty and Its Impact on Development in the Caribbean

The aim of every Caribbean country is to realize growth and development over time so as to achieve first world status. Most of the Caribbean countries are ranked as middle income countries. These countries realize that achieving first world status is a long term initiative given the many social problems that we face as a Caribbean nation. Among the many social problems that we face, poverty is the most pervasive of them all. Despite the effort of many of these countries to try and eradicate poverty it continues to account for the slow pace at which these countries develop. Commenting on the Caribbean, Carlson (1999) points to two key factors which have greatly impeded the spread and potential for economic growth and development; inequity†¦show more content†¦The inability of Caribbean economies to generate jobs, especially a greater proportion of higher paying jobs, is thus one of the underlying reasons for the persistence of poverty. The second major reason for widespread poverty in the Caribbean is inequality of income and wealth within the countries. Measurement of income inequality carried out in thirteen Caribbean countries between 1996 and 2002 show significant income inequality. The extent of inequality being greater in St. Vincent and the Grenadines, St. Lucia, Grenada, Jamaica and Belize, all of which are countries with a substantial incidence of poverty. Income inequality generates social inequality and social exclusion. A less unequal income distribution would raise income levels among the poor, transiting some of them out of poverty, thereby reducing the extent of social exclusion and disaffection. Inequality of wealth implies unequal access to financial and physical resources as a basis for income generation. Similarly to income, therefore, a less unequal distribution of wealth would be consistent with a lower incidence of poverty. A third is that there is global inequality of income, access to resources, and in consumption. Evidence produced by a number of studies show conclusively that the distribution of income between rich and poor countries hasShow MoreRelatedEnvironmental Damage Due to Development Has Affected Tourism in the Caribbean: Inevitable.830 Words   |  4 PagesTOPIC: Environmental Damage Due to Development Has Affected Tourism in the Caribbean: Inevitable. Audience: Faculty of built environment and tourism management students. PURPOSE: To convince students that environmental damage is inevitable and precautionary measures should be taken to lessen this problem to ensure that the Caribbean keeps it title as a â€Å"tourist destination†. THESIS: Within in the Caribbean environmental damage is inevitable and one should focus on minimizing the effects of progressRead MoreEssay on The Impact of the Remittances in Latin America1400 Words   |  6 Pagesunderdevelopment and inequality of the region. 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