MEASURING POVERTY – WHAT HAPPENED TO COPENHAGEN?

Chris Sarlo

Economic Affairs, 2007, vol. 27, issue 3, 6-14

Abstract: Absolute poverty can be thought of as a condition of ‘insufficiency’, i.e. the inability to acquire the basic necessities of life. Relative poverty can be thought of as a condition of ‘inequality’. At the World Summit on Social Development in Copenhagen in 1995, all participants made a commitment to produce official measures of both absolute and relative poverty and to strive to eradicate absolute poverty within a reasonable time frame. Despite these commitments, measures of absolute poverty are rare in the developed world. This paper concludes that both kinds of measures are needed for intelligent discussions and good policy‐making.

Date: 2007
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https://doi.org/10.1111/j.1468-0270.2007.00749.x

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