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Lesson Contribution of Economic Planning in Poverty
8.10 Alleviation and Promotion of Employment

FACTS Poverty eradication is at the top of the Southern
to Understand African Development Community (SADC) agenda.
Approximately half of the population living on less
than $1 per day, according to the International Council
on Social Welfare. Hunger, Malnutrition, Gender
inequalities, exploitation, marginalization and HIV/AIDS
are a few of the complex challenges that contribute to
poverty in the SADC region.

The planned development utilizes the resources and means appropriately. It also
makes the work completion on time and economic. It also increases the economic
activities, utilization of human resources and natural resources, helps to reduce
poverty and promote employment.

The contribution of Economic Planning in poverty alleviation and promotion of
Employment is given below:

1. Increases Economic Growth Rate

If development is carried out in a planned way the country can be highly
benefited from the available means and resources. The country can acquire higher
economic growth by exploiting resources wisely and in planned way.

2. Creates Employment Opportunities
Economic Planning aims at developing industrialization and other
infrastructures which generate employment for the people.

3. Reduce Poverty

Development is done in a planned way to create an employment opportunities.
It can be very helpful to reduce poverty. Several programmes includes in periodic plan
for vocational education, skill-oriented training, self-employment, etc. help in poverty
alleviation.

4. Extends Foreign Trade

The periodic plans have policies of extending foreign employment opportunities
which empower the youths and their families economically and poverty reduces
effectively.

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