2021Oriental Journal of Economics Finance and ManagementOpen access

Different Ways For Human Capacity Building in Poverty Reduction in Uzbekistan

Jaloliddin Ne'matjonovich Polvanov

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Abstract

This article discusses the improvement of the human capacity building mechanism in poverty reduction. While economic development on the one hand reduces poverty, on the other hand, an increase in poverty reduces economic development. When people have limited access to health care and education, they become increasingly impoverished, and demand in the economy declines. In turn, the economy cannot meet the need for its highly skilled workers. As a result, growth slows. Opportunities to participate in various sectors of society are also limited. Worst of all, it is many times harder to get out of it than to fall into poverty.

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What this paper is about

This article discusses the improvement of the human capacity building mechanism in poverty reduction. While economic development on the one hand reduces poverty, on the other hand, an increase in poverty reduces economic development. When people have limited access to health care and education, they become increasingly impoverished, and demand in the economy declines. In turn, the economy cannot meet the need for its highly skilled workers. As a result, growth slows. Opportunities to participate in various sectors of society are also limited. Worst of all, it is many times harder to get out of it than to fall into poverty.

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Available abstract

This article discusses the improvement of the human capacity building mechanism in poverty reduction. While economic development on the one hand reduces poverty, on the other hand, an increase in poverty reduces economic development. When people have limited access to health care and education, they become increasingly impoverished, and demand in the economy declines. In turn, the economy cannot meet the need for its highly skilled workers. As a result, growth slows. Opportunities to participate in various sectors of society are also limited. Worst of all, it is many times harder to get out of it than to fall into poverty.

Key concepts: Poverty, Poverty reduction, Development economics, Poor people, Capacity building, Economics, Economic growth, Basic needs

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