Directions: Read the following excerpt from the e-text and answer the question below using the RACES method

Question

Question: How does poverty harm a country's economy? write me a summary, Make sure to include poverty and the crime

Many countries, including Mexico, have made significant strides against difficult economic problems. Yet, severe challenges remain. Many people in Middle America live in poverty. Haiti is by far the ­poorest country, with a GDP per person of less than half that of the next poorest country, Honduras. In nearly every country in the region, many people live in poverty. Poverty hurts an economy in several ways. First, the government has to use resources to help people living in poverty so that they can survive. Second, poverty limits educational opportunities. That holds back economic growth, because workers with little education or training are less productive than skilled workers. Income inequality is a problem as well, with a growing gap between the rich and poor. The richest 20 percent of the population earn more than half of all the country’s income in Costa Rica, the Dominican Republic, Guatemala, Honduras, Mexico, Nicaragua, and Panama. Crime and corruption are another source of economic challenges for Mexico and many Central American countries. When corrupt government officials may demand payments as a condition for doing business, businesses may avoid creating jobs in that country. Due to poverty and the illegal drug trade, the region has a high rate of crime, which also hurts the economy. In 2014, Honduras had the highest murder rate in the world. High crime rates also discourage investment. Businesses do not want to open offices or factories in a country if they think they will be robbed or face a risk of violence. A lack of good infrastructure—or networks of structures such as highways, clean water supplies, and electrical grids—also holds the region’s economy back. If a business cannot count on reliable transportation to its customers or on clean water or electricity, then that business is not going to create jobs in a region

Answer 1

Poverty harms a country's economy in several ways. Firstly, the government must allocate resources to help those living in poverty in order for them to survive. This diverts funds that could otherwise be used for economic growth and development. Secondly, poverty limits educational opportunities, leading to a less skilled workforce that is less productive. This hinders economic growth as skilled workers are necessary for a thriving economy. Income inequality is another issue, with a growing gap between the rich and poor. In several Central American countries, the richest 20 percent of the population earns more than half of the country's income. This inequality further hampers economic progress. Additionally, crime and corruption pose economic challenges for countries like Mexico. Corrupt officials demanding payments deter businesses from establishing themselves in the country, leading to a lack of job creation. The region also experiences high crime rates due to poverty and the illegal drug trade, which discourages investment. Lastly, a lack of good infrastructure, such as reliable transportation and clean water and electricity supplies, inhibits economic development as businesses require these services to function efficiently. Overall, poverty negatively impacts a country's economy by diverting resources, limiting education and skills, widening income inequality, fostering crime and corruption, and hindering infrastructure development.

Answer 2

can you write me an in conclusion

Answer 3

In conclusion, poverty has detrimental effects on a country's economy. The allocation of resources to assist individuals living in poverty diverts funds that could otherwise be used for economic development. Limited educational opportunities due to poverty result in a less skilled workforce, hindering economic growth. Income inequality, widening the gap between the rich and the poor, further inhibits economic progress. Crime and corruption, stemming from poverty, discourage investment and job creation. Inadequate infrastructure also holds back economic development, as businesses rely on reliable transportation and utilities. It is clear that addressing poverty is crucial for a country's economic prosperity.