Affiliation: Bucharest University of Economic Studies
Poverty is one of the world’s greatest economic and social problems of all time. Therefore, sustainable solutions to reduce it are essential to increase the well-being of individuals and society. In this paper, the various causes of poverty, such as social and economic inequalities, limited access to education and health, will be analysed. After an introduction, the concept of sustainable development will be presented, underlying the virtues, as well as limits of it. There will be explored sustainable solutions for poverty reduction, which focus on sustainable development and the promotion of social and economic inclusion. Such solutions could be the creation of jobs and investment in the agricultural sector, the development of infrastructure and public services, the promotion of access to education and health services, and support for local communities and the social and solidarity economy. To validate these findings, qualitative methodology based on content analysis of sustainable development literature will allow to identify and evaluate good practices in sustainable development and poverty reduction. Therefore, it will be possible to show that sustainable solutions for poverty reduction are not only feasible but also effective in terms of social and economic impact. The paper will end with conclusions, arguing that sustainable solutions to poverty reduction are the key to increasing the well-being of individuals and society, and showing that interconnectivity, when considered in a sustainable approach, can improve the benefits for economic and social life.
Pages: 13 - 18
Publication date: December, 2023