Poverty

Matthias P. Altmann ()

Chapter Chapter 2 in Contextual Development Economics, 2011, pp 13-27 from Springer

Abstract: Abstract Poverty is the most distressful characteristic of economic underdevelopment. Poverty and underdevelopment are closely associated, and poverty reduction is by now an integral part of poor countries’ development strategies as well as the overriding goal of international development assistance. As reflected in the quote from the World Bank’s PovertyNet that opens this chapter, poverty can be associated with a multitude of different factors. In all its dimensions, poverty has manifold implications for the behaviour of people and for the way in which an economy functions. Both the multi-dimensional nature of poverty and the heterogeneity of those defined as poor have made the operationalisation of poverty in development economics and policy an inherently difficult task. Related problems of measuring poverty in its various dimensions pose additional challenges.

Keywords: Social Capital; Poverty Line; Social Exclusion; Human Development Index; Poor People (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:spr:euhchp:978-1-4419-7231-6_2

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DOI: 10.1007/978-1-4419-7231-6_2

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