Page 13 - MEX-Yearbook-2017

Analysis
Fig.: Poverty Ratio
Challenges and Constrains
As the main cause for the increment in the poverty ratio is the uneven
distribution of the wealth, to make the balance between the individual in the
same level has been taken as a big challenge. Due to the unequal distribution
- the poor ones are getting poorer and the rich ones are getting richer day by
day. Without the upliftment in the economic standard of the people it is hard
to alleviate poverty. Approaching the individuals for employment can also be
considered as one of the challenge.
Commodity Investment – An Alternative
The path to prosperity from poverty is always challenging and like a hurdle
race. Nevertheless, as good the journey is, the feeling of achievement is way
better. Earlier, when the investors were confused on what and where to invest
with the small amount of money in their pocket, the commodity investment has
emerged as one of the luring alternatives.
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The above-mentioned list would sound very different since the country had
been pessimistic till recent days to be traded through an online platform but
after the emergence of Commodities Act and the regulations regarding the
operation of Commodities Market in 2074, the government has been very
eager encouraging the investors for the same. The irony does not end here, the
product lists show that Nepal can always stand on its strength, i.e. Agriculture
and its produces.
Advocacy Requirements
It is not just the commodity exchanges, government or the academics who will
be part of the development of commodity market in Nepal but media should
equally be responsible and accountable for the market development. What can
media do? Making the people aware so as to raise the income standards of
lower and middle class. Media can play as a connecting tool so as to flow
the information of the poor individuals to the government. The information
that the media provides flows in two directions- both from local populations
to governments as well as the aid agencies, and also from those agencies and
governments back to local populations. So the information flows in a cyclic
form. As employment opportunity can also be a factor to reduce the poverty
ratio, the media can also give the information related to the employment
opportunities. Media should raise the topic of poverty alleviation time and
again due to which it can be accessed by more and more people. As a whole,
media can be a source of information, education and access to society. Besides,
it can also be great advocate to encourage the investment and entrepreneurship
through the commodity investments.
References
Islam, A. S. (2005). Sociology of Poverty: Quest for a New Horizon. Bangladesh
e-Journal of Sociology, 2(1), 1-7.
UNDP. (2002, February 28). Retrieved September 08, 2016, from Interim
Poverty Reduction Strategy Paper, NPC/HMG: http://www.np.undp.org/
World Bank. (n.d.). Retrieved September 08, 2016, from Poverty: http://www.
worldbank.org/depweb/beyond/beyondbw/begbw_06.pdf
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