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Theories on the causes of poverty are the foundation upon which poverty reduction strategies are based. While in developed nations poverty is often seen as either a personal or a structural defect, in developing nations the issue of poverty is more profound due to the lack of governmental funds.
The causes of poverty may vary with respect to nation, region, and in comparison with other countries at the global level. Yet, there is a commonality amongst these causes. Yet, there is a commonality amongst these causes.
A global wealth tax: Thomas Piketty suggests a global and coordinated wealth tax as the remedy to trends of global inequality, saying that only a direct solution to wealth concentration can be successful where other governmental policies have failed. Piketty proposed an international agreement between nations that would tax all personal assets ...
Poverty and lack of access to birth control can lead to population increases that put pressure on local economies and access to resources, amplifying other economic inequality and creating increase poverty. [253] [90] [254] Better education for both men and women, and more control of their lives, reduces population growth due to family planning.
Milanovic (2011) points out that overall, global inequality between countries is more important to growth of the world economy than inequality within countries. [95] While global economic growth may be a policy priority, recent evidence about regional and national inequalities cannot be dismissed when more local economic growth is a policy ...
The culture of poverty frames low-income earners as existing within a culture that perpetuates poverty in a generational cycle. The theory suggests that the economic climate does not play a significant role in poverty. Those existing within a culture of poverty largely bring poverty upon themselves through acquired habits and behaviours.
The Poverty-Growth-Inequality Triangle was originally introduced by Bourguignon in a paper presented at the Conference on Poverty, Inequality and Growth in Paris on November 13, 2003. A modified version of the paper was presented at the Indian Council for Research on International Economic Relations in New Delhi on February 4, 2004. [2]
The concept of inequality is distinct from that of poverty [5] and fairness. Income inequality metrics (or income distribution metrics) are used by social scientists to measure the distribution of income, and economic inequality among the participants in a particular economy, such as that of a specific country or of the world in general.