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ECUADOR’S POVERTY

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18th October 2021

I. Introduction

Ecuador is termed a third-world country, and there are several reasons. First is unstable financial conditions that have prevailed over the whole country for a long time. Third-world countries do not have enough resources to improve their economic condition, and they require a long time to be included in the list of developed countries. It has been observed that several developed countries help third-world countries. The government is required to look for the changes and is considering them. Several international authorities have tried to help the third world countries, but the uptake of the economy and less population can bring success (Quishpe, 2019). Ecuador is one of the third-class countries where poverty is increasing with time. The unemployment, instability of the economy, financial issues, limited access to land, education, and the urban areas are the leading factors contributing to poverty.

Background

It has been a long time since the country has been considered poor because, in 1994, the population living below the poverty line was 21 percent. It means that poverty is not new, and the strategies to prevent poverty are not new, but there should be new strategies for the people to overcome them. Otherwise, the country has to face the poverty cycle in the long run. The country has to focus on its developmental projects and should consider the reasons for being poor. Several nations have to pass through poverty, and they have a population living below the poverty line. Still, the government must provide them with solutions to make them comfortable (Lanjouw, 2010).

II. Literature Review

(Alova, 2017) have presented the findings that housing inequalities, internal psychological barriers, defective urban planning, and fragmentation trends are the reasons for domestic poverty. The field survey has shown the results that these causes need to be eliminated.

(Bertoli, 2014) aims to investigate the influence of the migration rate and its effects on the prevalence of poverty among residents in Ecuador. Poverty is increasing, and research has been conducted, and several studies have been done to know the reasons behind the poverty in Ecuador.

(Bravo, 2017) investigated the effects of minimum wages on income, poverty, and unemployment in Ecuador from 2007-2016. The paper has used the cross-sectional data from different editions of the National Survey of Employment, Underemployment in Ecuador from the years mentioned above. The unemployment, instability of the economy, financial issues, limited access to land, education, and the urban areas are the leading factors contributing to poverty.

III. Methodology

The historical method will be used in the research project. The historical background and different factors will be discussed in the project. The comparison of Ecuador will be made with the other developed countries. The primary resources to collect the data are magazines, journals, and reliable websites. The primary method of data collection will be used in the research. The survey with a quantitative approach and questionnaire as a research tool will be used. The results will then be analyzed through appropriate statistical tools.

Main body

a. Argument 1

Ecuador is one of the poorest countries, and it has been termed as third world countries poverty has increased by many folds. So, it has been seen that poverty is increasing due to unemployment and lack of education.

b. Argument 2

The lack of education should be improved because it is seen that the resources are less, and the government should provide the opportunities to promote education.

c. Argument 3

It is seen that unemployment is one of the important factors that should be reduced. Unemployment has increased over the last decade, and it has contributed to poverty.

IV. Conclusion

Ecuador is a middle-class country that can be taken as a developing country, and it is struggling for its stable economy. Poverty has increased, and the ratio of unemployment has been enhanced. The people are not satisfied with the government because of its policies and want to have a stable life.

References

Alova, G., & Burgess, G. (2017). Housing poverty in Ecuador: challenges to eradication. Survey Review, 49(353), 117-133.

Bertoli, S., & Marchetta, F. (2014). Migration, remittances, and poverty in Ecuador. The Journal of Development Studies, 50(8), 1067-1089.

Bravo, J. C. M. (2017). Employment, poverty, and redistribution in Ecuador; A minimum wage story?

Croes, R., & Rivera, M. A. (2017). Tourism’s potential to benefit the poor: A social accounting matrix model applied to Ecuador. Tourism Economics, 23(1), 29-48.

Erskine, L. M., & Meyer, D. (2017). Influenced and influential: the role of tour operators and development organizations in tourism and poverty reduction in Ecuador. In Tourism and Poverty Reduction (pp. 59-130). Routledge.

Lanjouw, P. (2010). A Case Study of Ecuador. In Small Firms and the Environment in Developing Countries (pp. 57-81). Routledge.

Pablo, Q. S., Paloma, T. D. L. P., & Francisco, J. T. (2019). Energy poverty in Ecuador. Sustainability, 11(22), 6320.

Quishpe, S. P., Paloma, T. D. L. P., & Juárez, T. F. (2019). Energy Poverty in Ecuador. Sustainability, 11(22), 6320.