Multidimensional Concept Of Poverty

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The concept of poverty is common that almost anyone understands, or thinks she understands. But the specific meaning we attach to the word depends upon the underlying concept of poverty we have in minds (Macpherson and Silburn,1997).It is possible to conceptualize poverty in many different ways, each one leading towards a different understanding of the meaning and significance of the term, towards a different precise definition, which in turn will lead to parallel differences in the methods and measures used to estimate the numbers of persons and groups that live in poverty and gauge the depth of their impoverishment. A large part of economics literature focuses on monetary resources to identify the poor people. The main assumption of this…show more content…
These and many other empirical studies show that in many cases there are large divergences between income poverty and deprivation in other…show more content…
Apart from these specific cases and most academic research, the multidimensional approach to poverty has also received attention from United Nations: the Program of Action that came out of the 1995UN Summit on Social Development declared the multidimensional character of poverty and underscored the need for comprehensive policy measures to eradicate it. The position taken by the World Bank in its report on poverty 2000/2001, as well as, the adoption of a battery of official social exclusion indicators by the European Union gives evidence that the multidimensional aspect of poverty has already become of great concern and it started to take a more and more important place in the study of this phenomenon and in the evaluation of development model. According to the World Bank (2000), we define the poverty as deprivations in well-being resulting in an inability to meet the basic needs of the individual. These latter include the food and non food goods (Haughton and Khandker,
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