The Economics of Poverty

Paper Summary:

The paper addresses poverty as an issue which transcends all social, cultural, political and religious subjects. The author of the paper shows that poverty is not only a developing country problem, as can be seen by the number of impoverished in the United States. Poverty as a concept is defined, with a study into what is considered absolute poverty. The effect of poverty on economics and society in terms of politics, education and health are examined. The author of the paper concludes with recommendations for effectively addressing poverty, including teaching self-sufficiency and eliminating the negative factors which contribute to poverty.

From the Paper:

"Women bear a disproportionate burden of poverty and children growing up in poverty are often permanently disadvantaged. Older people, people with disabilities, indigenous people, refugees and internally displaced persons are also particularly vulnerable to poverty. Furthermore, poverty in its various forms represents a barrier to communication and access to services, as well as a major health risk, and people living in poverty are particularly vulnerable to the consequences of disasters and conflicts. Absolute poverty is a condition characterized by severe deprivation of basic human needs, including food, safe drinking water, sanitation facilities, health, shelter, education and information."

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