1. The Persistence of Poverty
The national tariffs make help a country raise the income, but high interests discourage investors thus hinders growth and development of a country. ... The tariffs discourage the other countries that want partnerships leaving other countries in their previous poor states. ... The high-income taxes on the commodities and tariffs discourage countries to conduct trade that makes poverty persistent. ... Hulme and Shepherd explain that chronic poverty does not only last for extended periods, but it is also both multi-dimensional and severe type of poverty. ...
- Word Count: 1976
- Approx Pages: 8
- Has Bibliography
- Grade Level: Undergraduate