Poverty, Inequality and Development

Essay by OsuyelUniversity, Bachelor'sB+, April 2007

download word file, 14 pages ( 23 KB ) 4.8

Poverty is a complicated fact. One of the most serious problems faced by the developing countries and passing economies is to determine and implement the reforms which diminish the poverty and accelerate the development. It is commonly accepted that more liberalization and globalization within the context of Orthodox economic policies do not diminish the poverty in the developing world (Brinkerhoff, Goldsmith, 2003: 685). One of the main interests of the developing economics is poverty and to struggle against it. The most important institutional coordinator in the international level is the World Bank. It is really seen that the World Bank and other front runner multinational institutions make analysis regarding the poverty and try to develop new global strategies and policies to struggle against it.

The standard development formulas offered by the front runner institutions like IMF and the World Bank did not show significant accomplishments and even in some places the situations got worse, therefore the hope to reach the determined targets weakened.

In this respect, the studies relating to the poverty gradually improve and in this connection there is an interest increase on the subjects like the reasons causing the poverty and how to struggle against the poverty.

The basic poverty descriptions and poverty measurementThe poverty is only a fact to cover the simplest perishable commodities like food, clothing and accommodation in order that the society and its specific parts can maintain their minimum life standards. This is also called as the absolute poverty. The amount of these persons is calculated by the number of people living under a specific income rate. This rate is determined as the number of people who have daily income rate less than one dollar freely from the national income rate. It is obvious that the absolute poverty exists all over the world,