Perspectives on Poverty The tragic reality of poverty has many definitions. One particular facet of poverty is referred to as chronic poverty. The chronic poor––those who have experienced poverty for long periods, or perhaps, all of their lives––are likely to be neglected in such an era given the multiple factors that constrain their prospects and the likelihood that market-based factors may contribute to their continued deprivation. Poverty itself is defined within the modern perspective of a world increasingly characterized by globalization. Chronic poverty can be further divided into four components: extended duration; the degree of multidimensional capability deprivations; those affected by poverty themselves such as individuals,...The end:
.....n again. In a world which should be fashioned along egalitarian lines, nothing less should be acceptable. Poverty is a measure of relativity. There are enough resources available so that those in need can be helped to transcend this state and enjoy the common fruits of existence. Bibliography Cornwall, Andrea, and Karen Block. “What do Buzzwords do for Development Policy? A critical look at ‘participation’, ‘empowerment’ and ‘poverty reduction’.” Third World Quarterly 26, no. 7 (2005): 1043-1060 Hulme, David, and Andrew Shepherd. “Conceptualizing Chronic Poverty.” World Development 31, no. 3 (2003): 403-423. Kanbur, Ravi. “Economic Policy, Distribution and Poverty: The Nature of Disagreements." World Development 29, no. 6 (2001): 1083-1094.