As the essay declares the presence of poverty adds to these factors and makes the economic scenario worse for the developing nations. Thus one of the essential reforms in the developing nations is reducing the level of poverty.From the paper it is clear that strategies for poverty reduction in a country include the various macroeconomic policies and social programmes that help in reducing poverty and stimulating economic growth. The social and structural programmes for reducing poverty in developing countries are designed after analysing the multidimensional effects of poverty. The ultimate objective of these policies is raising the quality of life of the poor. Generally such policies are associated with a deep involvement of the civil society. The civil society’s participation in the policies promotes the national ownership of the poverty reduction strategies. Poverty is a deep-rooted problem for any nation. Hence the strategies taken for its eradication also involve a long time horizon. This is the reason for the long-term perspective of poverty reduction strategie.
Various strategies are followed for poverty eradication in developing nations. The most popular among them is Ownership strategy. One of the most significant factors that contribute to the problem of poverty is the unequal distribution of economic resources, since this unequal distribution denies the access of economic resources to the poor. The ownership strategy of poverty reduction aims at an appropriate distribution of economic resources in the developing countries.