Ways to Alleviate Poverty Essay Example | Topics and Well Written Essays - 750 words

Ways to Alleviate Poverty - Essay Example Poverty is found in both the rural and urban settings, however, recent studies have shown that urban poverty is on the rise which could lead to growing inequalities among the people and finally end in conflict. The misconception of poverty stricken people residing in the rural areas that life is better off in the urban regions has only increased urban poverty (United Nations Economic). Considering this fact and also the associated negative effects of poverty such as child abuse and violence, malnutrition, unhealthy living conditions and the increasing informal settlements have resulted in the need to address poverty and provide suitable solutions to alleviate poverty (Leschied; United Nations Economic). There has been an increasing growth in economy over the past years that have given immense opportunity to people to grow. However, it would not be wise to assume that such economic development would benefit every individual living in poverty. The only other means to enhance the living conditions of the poorer sector is through introduction of suitable policies which are aimed at increasing their productivity and employment opportunities, increase investments on the small scale informal sectors where people living in poverty usually find employment, provide better living conditions for the poor and empower the poor population by providing their due social recognition. All this could be achieved through able governance with the help of other non-governmental organizations and the community as a whole. Those living under poverty have found immense employment opportunities in some informal working sector and the public and private sector companies will have to learn from the informal sectors about providing opportunities to the lower-income population. In order to increase job opportunities to the poor, the labor regulations imposed by the government should be aimed at maintaining the security provided to the existing employees. Another vital factor that would incre ase the employment of the poor is provision of adequate access to education, especially for girls, by which the literacy rate and access to employment can be attained among the poverty stricken population. In addition, investments to increase the capital of the informal working sector that employs people living in poverty should be expanded in order to provide better wages to the employees and thereby improve their living conditions. Additionally the government will also have to regularly review the regulations and procedures that are required for the operation of these informal sectors. Examples of such investments and regulatory changes have been the expansion of social collateral for the informal sector and the provision of land security for shops and workshops in the informal sector. Urban agriculture can also provide employment options for the poor sector and thus help in poverty reduction. The poor should also have banking access as it would alleviate their need to depend upon moneylenders and help them with their savings and loan requirements. Such facilities will enhance the self-confidence of the poor to start their own ventures thus paving the way for their development. In addition, if the housing needs of the poor are taken care by the government by the introduction of a security measure for their land tenure, it would help them to better their living conditions as they would not have to live with the constant fear of vacating the informal settlements. In addition, the government should also ensure that all the settlements have basic amenities such as water supply, drainage facilities, proper sanitation, good roads and power

LAW FOR BUSINESS Assignment Essay Example | Topics and Well Written Essays - 1250 words

LAW FOR BUSINESS Assignment - Essay Example This type of loss is mostly related with the economic benefits or profits of the claimant. Furthermore, the damages for pure economic losses are not recoverable in tort actions in the absence of the injury of personal nature and in the absence of personal property damage (Claim story, November 1998, p. 60, quoted as saying by Murphy and et. al, 1999). On the other hand, consequential economic loss is a type of economic loss that nearly or proximately results from the failure of the goods to work or function as warranted (Us legal). The examples of consequential economic loss are loss of business reputation, loss of goodwill and other types of loss that are created from the use and consumption of defective products and so on. How does the â€Å"floodgates† principle constrain the right of claimants to claim damages for pure economic loss in negligence?   Answer: The concept of floodgate is that the court will only make the defendant responsible and liable when it is appropria te and reasonable to do so in the public interest (Corporate and Business Law, 2007/08). Additionally, in order to satisfy the basic needs of this approach, some basic and fundamental conditions must be satisfied before going to use this approach for the purpose of claiming damages for pure economic loss in negligence. ... The loss of profit, wasted expenditure, loss of gain and so on are the examples of pure economic loss. Floodgates principles can constrain the right of claimant for the purpose of claiming damages for pure economic loss in negligence. If the claimant is unable to satisfy the basic and fundamental requirements given in the floodgate test, and even if the claimant becomes successful in proving any of the steps given in the floodgate test, he or she cannot be able to receive damages since all the components of floodgate test are not fully and totally satisfied as they should be. Donoghue v Stevenson (1932) Facts: Mrs Donoghue went to a cafe with a friend. She drank a bottle of ginger beer. She subsequently realised that there was a decomposed snail in the bottom of the opaque bottle. As a result, she suffered physical loss. She decided to sue the manufacturer, claiming that they were liable and under a duty to see such external and outside bodies did not get into the bottle of ginger be er. Held: There was a duty on the behalf of the manufacturer to take appropriate and reasonable care while manufacturing of these products. The manufacturer is under an obligation and duty to the consumer to take appropriate and reasonable care to stop and prevent injury. ‘You must take reasonable care to avoid acts or omissions which you can reasonably foresee would be likely to injure your neighbour’ (Lord Atkin as saying quoted by Corporate and Business Law, 2007/2008, pp.67). Negligence Negligence as a tort is a sort of breach of a legal duty to take care, which causes in damage to another (OUP). In order to satisfy the occurrence of negligence, three conditions must be satisfied. Without satisfying these basic and fundamental conditions, the event or incident of