Question

In: Economics

Poverty is often referred to as a multidimensional concept. Explain why you agree or disagree with...

Poverty is often referred to as a multidimensional concept. Explain why you agree or disagree with this statement.

ii. In which areas are there broad agreement and disagreement on the definition of poverty?

Solutions

Expert Solution

What is multidimensional poverty?

Poverty is often defined by one-dimensional measures – usually based on income. But no single indicator can capture the multiple dimensions of poverty.

Multidimensional poverty encompasses the various deprivations experienced by poor people in their daily lives such as poor health, lack of education, inadequate living standards, disempowerment, poor quality of work, the threat of violence, and living in areas that are environmentally hazardous, among others.

A multidimensional measure of poverty can incorporate a range of indicators that capture the complexity of this phenomena in order to inform policies aimed at reducing poverty and deprivation in a country. Depending on the context of a country and the purpose of the measure, different indicators can be chosen to reflect the needs and priorities of a nation, as well as its constituent regions, districts, provinces, etc.

Why use a multidimensional approach?

  • Monetary-based poverty measures can miss a lot. Studies have revealed that the overlap between monetary and non-monetary measures of poverty is not perfect. In most cases, not all individuals who are income poor are multidimensionally poor and not all multidimensionally poor individuals are income poor. Both monetary and non-monetary measures of poverty are needed to better inform the policies intended to address the needs and deprivations faced by poor populations.
  • Economic growth does not always reduce poverty or deprivation. Several studies have found that economic grow is not strongly associated with a reduction in other deprivations, such as child malnutrition or child mortality.
  • Poor people describe their experience of poverty as multidimensional. Participatory exercises reveal that poor people describe ill-being to include poor health, nutrition, lack of adequate sanitation and clean water, social exclusion, low education, bad housing conditions, violence, shame, disempowerment and much more. Read, for example, about the participatory process of defining the dimensions and indicators in El Salvador.

Related Solutions

Explain why you agree or disagree with the following statement. Companies in the United States often...
Explain why you agree or disagree with the following statement. Companies in the United States often choose to source items from foreign firms due to cost reasons. Some countries that function as manufacturing hubs have lower wage rates or relaxed working regulations which create cost savings that can be passed on to purchasing companies. Another possible explanation for sourcing items from other companies could be manufacturing efficiency. If a necessary component for a product is manufactured near another component then...
18) Explain whether you agree or disagree with the following statement. “The concept of diminishing returns...
18) Explain whether you agree or disagree with the following statement. “The concept of diminishing returns refers to a firm's long-run average cost increasing as output increases.” 19) What three main assumptions need to be satisfied if a market is to be described as perfectly competitive? Explain why each of these assumptions is important. 20) What is moral hazard? Explain using an example.
3 Explain Why you agree or disagree with the followingstatements. The answer should not be...
3 Explain Why you agree or disagree with the following statements. The answer should not be more than 3 sentences. Be specific in your answer and write only the most relevant explanations (Total Marks 7.5, Each 1.5).a. If a bond sells at a discount, yield to call is more likely to occur.b. A firm should select the capital structure that is fully unlevered.c. Leveraged beta represents fundamental operational risk.d. All other things held constant; the future value of an ordinary...
Explain in detail why you agree or disagree with affirmative action and explain in detail how...
Explain in detail why you agree or disagree with affirmative action and explain in detail how affirmative action will be affected by the growing workforce diversity. (In your own words please asap)
Explain why you agree or disagree with the philosophy that paying providers or institutions for quality...
Explain why you agree or disagree with the philosophy that paying providers or institutions for quality is a good way to shrink the health care disparity gap and to improve the quality of health care in our country?
explain why you agree or disagree that the monopolist charges the highest possible price
explain why you agree or disagree that the monopolist charges the highest possible price
2. Explain why you agree or disagree with each of the following statements: a. "A nation's...
2. Explain why you agree or disagree with each of the following statements: a. "A nation's currency will depreciate if its inflation rate is less that that of its trading partners." b. " A nations whose interest rate falls more rapidly than that of other nations can expect the exchange value of its currency to depreciate." c. "A nation whose economy grows more slowly than its major trading partners can expect the exchange value of its currency to appreciate." d....
Explain Why you agree or disagree with the following statements. The answer should not be more...
Explain Why you agree or disagree with the following statements. The answer should not be more than 3 sentences. Be specific in your answer and write only the most relevant explanations. If a bond sells at a discount, yield to call is more likely to occur. A firm should select the capital structure that is fully unlevered. Leveraged beta represents fundamental operational risk. All other things held constant; the future value of an ordinary annuity is always having a higher...
Q No. 3 Explain Why you agree or disagree with the following statements. The answer should...
Q No. 3 Explain Why you agree or disagree with the following statements. The answer should not be more than 3 sentences. Be specific in your answer and write only the most relevant explanations (Total Marks 7.5, Each 1.5). a. If a bond sells at a discount, yield to call is more likely to occur. b. A firm should select the capital structure that is fully unlevered. c. Leveraged beta represents fundamental operational risk. d. All other things held constant;...
1.5. Explain why you either agree or disagree with this assertion: “According to the Capital Asset...
1.5. Explain why you either agree or disagree with this assertion: “According to the Capital Asset Pricing Model, zero-beta stocks have a zero expected return.” (3) 1.6. Briefly explain how the weight given to a particular stock in a portfolio can exceed 100 percent (2)
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT