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The Foster–Greer–Thorbecke indices are a family of poverty metrics.The most commonly used index from the family, FGT 2, puts higher weight on the poverty of the poorest individuals, making it a combined measure of poverty and income inequality and a popular choice within development economics.
The Human Poverty Index (HPI) was an indication of the poverty of community in a country, developed by the United Nations to complement the Human Development Index (HDI) and was first reported as part of the Human Development Report in 1997.
In economics, a cycle of poverty, poverty trap or generational poverty is when poverty seems to be inherited, preventing subsequent generations from escaping it. [1] It is caused by self-reinforcing mechanisms that cause poverty, once it exists, to persist unless there is outside intervention. [ 2 ]
Share of employment by economic class in 2023, with lowest economic class based on the World Bank's international poverty lines of $2.15 and $3.65 a day Country Region World Bank Income group (2024) Extremely poor: Less than $2.15 a day Moderately poor: $2.15 to less than $3.65 a day Not extremely or moderately poor: $3.65 or above a day ...
This is a list of countries by inequality-adjusted Human Development Index (IHDI), as published by the UNDP in its 2024 Human Development Report.According to the 2016 Report, "The IHDI can be interpreted as the level of human development when inequality is accounted for", whereas the Human Development Index itself, from which the IHDI is derived, is "an index of potential human development (or ...
Extreme poverty is defined by the international community as living below $1.90 a day, as measured in 2011 international prices (equivalent to $2.12 in 2018). This number, also known as the international poverty line , is periodically updated to account for inflation and differences in the cost of living; [ 21 ] it was originally defined at $1. ...
Poverty reduction, poverty relief, or poverty alleviation is a set of measures, both economic and humanitarian, that are intended to permanently lift people out of poverty. Measures, like those promoted by Henry George in his economics classic Progress and Poverty , are those that raise, or are intended to raise, ways of enabling the poor to ...