poverty

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poverty

a situation where a person's income is too low to enable him or her to buy the amount of food, clothing and shelter that are deemed necessary to meet his or her basic needs, that is, some ‘subsistence’ standard of living. Countries have different definitions of what minimum income constitutes poverty and often measure poverty levels as a proportion of average income. High proportions of the populations of DEVELOPING COUNTRIES experience poverty. Governments attempt to combat poverty by encouraging faster ECONOMIC GROWTH and by the redistribution of income. See REDISTRIBUTION-OFINCOME PRINCIPLE OF TAXATION, ABILITY-TO-PAY PRINCIPLE OF TAXATION, PROGRESSIVE TAXATION, SOCIAL SECURITY BENEFITS.

Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005

References in periodicals archive ?

At the methodological level, the trend that the aforementioned graph aims to depict is based on a historical comparison of global poverty rates over a hundred years.

Is the world really becoming a better place for all?

Deaton, Heckman, Stiglitz and their colleagues begin by telling us that global poverty "remains intractable." This statement reflects and reinforces the gloomy view that we are not making any progress in reducing poverty.

Is charity for the poor futile? Responding to the economists

The visa, then, with the promise of mobility that it holds, is one of the few single things that has the greatest capacity to eliminate global poverty than anything else in the world.

Visas and global poverty

Researchers in the field will find the volume invaluable, not only for the wide range of original research it provides, but also for the wealth of new ideas that it presents on how to eradicate global poverty and create jobs for the poor in the 21st century.

Eliminating poverty in the 21st century: using entrepreneurship, innovation, and technology to help the poor help themselves

The lack of interest of the leaders in pointing out issues like global poverty and hunger crisis at the current UN session has made it necessary for the UN to bring the world leaders on the same page to achieve UN's Sustainable Development Goals (SDGs).

Zero Hunger

Dr Falk said the challenges in its way were to counter imperialism, injustice, global poverty, militancy and environmental disaster, adding that radical reforms were needed at institutional level to realize the dream of global governance.

US scholar for global governance system

The report details the decline of those living in global poverty, which is reclassified as living on $1.90 or less a day, to a forecast 9.6 percent of the world's population in 2015 -- a projected 200 million fewer people living in extreme poverty than in 2012.

Announcements - WORLD BANK GLOBAL MONITORY REPORT

Next, Bono gives Alexander, who was beaten by Black in the election, a job helping tackle global poverty.

Dougie has Pride..in the name of Love Street

"The World Bank projects that global poverty will have fallen from 902 million people or 12.8 per cent of the global population in 2012 to 702 million people, or 9.6 per cent of the global population" by the end of 2015, the statement said.

World Bank predicts global poverty rate to drop by 3.2 percent this year

"If economic growth of the developing world over the last 15 years was an anomaly, was a blip, then we're in trouble," said Laurence Chandy, a fellow at the Brookings Institution whose research focuses on global poverty.

World's \"extremely poor\" to fall below 10 pct of global population - World Bank

Monahan said he's been inspired by the charitable work of Coldplay's Chris Martin and Hugh Evans of the Global Poverty Project, which has set a goal to end extreme poverty by 2030.