can poverty ever be eradicated?

Poverty is a common problem faced by many countries and there are various attempts to solve or even eradicate this problem. The richer nations lend a helping hand to the poorer ones through aids like financial aids. Although situations do improve, it is certain that poverty cannot be eradicated without solving these problems.

The people of the countries are the determine factor when it comes to improving the situation of poverty. Although there could be foreign investments that provide new jobs opportunities, it does not mean that everyone from the lower status of the society can get the chance to improve their lives. Skills are required for the various jobs created, thus the lowly skilled are at the lose end. As mentioned by Sarup, with the new technologies brought in by the foreign companies, there exist the demand for technicians who are able to operate simple machineries. (Can a poor country become rich? Worldpress) Hence, the lowly skilled may not get a job unless they are trained and educated for the job. Therefore, poverty cannot be eradicated, as there is a group of lowly skilled citizens who are unable to improve their standard of living as they are deprived of the chance to do so.
Besides that, there exist the problem of countries not taking part in the fight against poverty actively. As mentioned by Jeffery Sachs, in 1970s, the world’s leading countries pledged 0.7% of their national income to help the world’s poor. Only 5 nations honoured this pledge, which was renewed in 2002. (Poster boy for the poor, The Straits Time Interactive) Many of the poor today live in countries that have limited financial resources that can rescue them from the poverty cycle. Thus the help from richer nations is greatly appreciated. However, the richer nations are not their part in offering their help to the poor, leaving them to fend for themselves. Thus, poverty cannot be eradicated, as the poorer nations can find no extra revenue that can be pumped into improving the living standards of the poor.