Development Economics (L5).pptVIP

Development Economics (L5) Mozaffar Qizilbash Concepts of Poverty Is poverty low/inadequate income? If so, how low? Is it relative or absolute? Does it relate to ‘basic needs’ or what is needed to participate in society (Townsend)? Poverty as ‘capability failure’; absolute in capability, but relative in income/commodity space (Sen). Poverty Measurement (1) The most common measures focus on income or expenditure. Headcount index (P=H): define a poverty line and count the number of people who fall below it. Most commonly used measure Income Gap (P=I): The income necessary to get rid of poverty a