Defining Poverty
Poverty is not merely about low income. It encompasses economic, social, and governance dimensions. It often includes a lack of access to education, healthcare, clean water, and shelter.
Multidimensional Poverty Index
The MPI assesses poverty through health, education, and living standards. Around 1.3 billion people are considered multidimensionally poor, with overlapping deprivations in these areas.
Poverty's Relative Nature
Poverty thresholds vary by country, reflecting the cost of local basic needs. What is 'poor' in one society may not be the same in another, making poverty relative.
Child Poverty Impacts
Children in poverty are more likely to encounter health issues, stunted growth, and hindered brain development. This often leads to reduced educational attainment and income in adulthood.
Poverty and Climate Change
Climate change disproportionately affects the poor. Extreme weather events can destroy homes and livelihoods, where the poor lack the resources for resilience and recovery.
Technology's Role
Mobile banking and Internet access can be poverty game-changers. They provide the poor with tools for education, business, and communication, often leading to increased opportunities.
Success Stories
Countries like Vietnam and Bangladesh have seen significant poverty reduction through robust economic growth, investments in human capital, and social protection programs.
What does poverty encompass beyond income?
Only economic dimensions
Economic, social, governance aspects
Just lack of shelter
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