A poverty trap is "any self-reinforcing mechanism which causes poverty to persist." If it persists from generation to generation, the trap begins to reinforce itself if steps are not taken to break the cycle. See also Welfare trap.
Jeffrey Sachs, in his book The End of Poverty, discusses the poverty trap and prescribes a set of policy initiatives intended to end the trap. He recommends that aid agencies behave as venture capitalists funding start-up companies. Venture capitalists, once they choose to invest in a venture, do not give only half or a third of the amount they feel the venture needs in order to become profitable; if they did, their money would be wasted. If all goes as planned, the venture will eventually become profitable and the venture capitalist will experience an adequate rate of return on investment. Likewise, Sachs proposes, developed countries cannot give only a fraction of what is needed in aid and expect to reverse the poverty trap in Africa. Just like any other start-up, developing nations absolutely must receive the amount of aid necessary (and promised at the G-8 Summit in 2005) for them to begin to reverse the poverty trap. The problem is that unlike start-ups, which simply go bankrupt if they fail to receive funding, in Africa people continue to die at a high rate due in large part to lack of sufficient aid.
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This self-reinforcing loop is responsible for some 1.1 billion people living multidimensionally impoverished lives around the world — with nearly half of them trapped in conflict zones, where barriers to poverty alleviation are impossibly high.
"by Dureti (Mimi) Tadess". Resilience... HemingWay Publishers announces the release of Resilience ... Her work has brought clean water, economic independence, and education to communities once trapped in cycles of poverty and oppression. Resilience ... Amazon.
Atakan, his two younger brothers and 5-year-old sister are among the one-third of Turkish children living in poverty ... We are seeing deep poverty here." ... "Two million of them are in deep poverty.
The education system has been ravaged by years of conflict in the region ... The neglect deprives brilliant students of their fundamental right to quality education, keeping them trapped in the vicious cycle of poverty ... Suleman Afridi. Tirah ... .
Dec. 20—This week, Pennsylvanians said goodbye to Sen ... Before this vital reform, people with disabilities were barred from accruing more than $2,000 in savings without losing access to federal benefits, essentially trapping them in permanent poverty.
By Farrah Hassen ...California Gov ... “I wonder where he is,” she said. “I hope he’s not in the dump.” ... Sweeps, like punitive fines and arrests, don’t address the root of the problem — they just trap people in cycles of poverty and homelessness ... .
Homeless in New York City... By Farrah Hassen / OtherWords ... “I wonder where he is,” she said ... Sweeps, like punitive fines and arrests, don’t address the root of the problem — they just trap people in cycles of poverty and homelessness ... Farrah Hassen ... ....
Marcos said Veloso’s tale resonated in the Philippines, as “a mother trapped by the grip of poverty, who made one desperate choice that altered the course of her life.”.
... to escape poverty at home. Marcos said Veloso's tale resonated in the Philippines, as "a mother trapped by the grip of poverty, who made one desperate choice that altered the course of her life.".
... poverty at home. Marcos said last month that Veloso's tale resonated in the Philippines as "a mother trapped by the grip of poverty, who made one desperate choice that altered the course of her life.".
Hunger, poverty and poor education are interdependent. When children stay hungry, chances that they will attend school are slim; and without education, their chances of breaking the poverty trap are significantly reduced ... ....
Today, these people remain trapped in ghettos, victims of political apathy ...Generations of Biharis have grown up in these camps, trapped in a cycle of poverty, unemployment, and social exclusion.
They are far more likely to be the victims of violent abuse, child marriage or sex trafficking — often becoming trapped in a vicious cycle of poverty and financial dependence.
... to address persisting structural imbalances and pave the way for growth — without triggering another crisis — if it wants to exit the debt trap, alleviate rising poverty, and end soaring unemployment.
Chatanooga Times Free Press
26 Dec 2024
Chatanooga Times Free Press
26 Dec 2024