Sierra Leone: Barriers to Economic Growth/Development
POVERTY CYCLE:
The most important factors that hold back the growth and development of poor, third world countries inequality and poverty. Poverty drains people of many daily options, such as education and proper nutrition. Furthermore, the infectious diseases that are aggressively common in Sierra Leone simply destroy the quality and quantity of the human resources. Inequality on the other hand, leads to national resentment and rebellious behavior, which consequentially causes democratic failures, ethnic violence, corruption, division of attitudes among the nation, etc. Basically, both, inequality and poverty prevent different forms of prosperity (economic political, etc.) in a country.
The Human Poverty Index (HPI)- it is a composite index that measures deprivation in three dominant factors, which are a long and healthy life, knowledge (education), and a decent standard of living.
FIGURE 1: Poverty Cycle
