Poverty is multidimensional and thus the concept of it has to be extended beyond the deprivation of income; not only extended to the deprivation of basic necessities such as food, clothing and shelter or access to social securities of health and education, but also to the deprivation of freedom (such as political freedom) or social acceptance.
The battle against global poverty has been going on for decades now and has been a topic of debate amongst various personalities including politicians and celebrities. Yet, as we all know, the problem remains. The book, ‘Poor Economics’ by Abhijit V. Banerjee and Esther Duflo, tries to explain a few reasons as to why the problem seems to be ubiquitous, especially in third world countries.
What is Multidimensional Poverty Index (MPI)? The Multidimensional Poverty Index (MPI), developed by the Oxford Poverty and Human Development Initiative (OPHI), replaced the erstwhile Human Poverty Index as a measure of deprivation in 2010. MPI is a more holistic approach to measure deprivation than HPI since the latter focused more […]
Poverty is both the cause and consequence of deep rooted socio- economic problems. Eradicating poverty remains a global challenge and demands a comprehensive and collective approach that recognises the multi-faceted and multidimensional nature of the issue. The United Nations deemed that the first Sustainable Development Goal (SGD1) is to end […]