Monday, February 28, 2011

The Poverty Cycle

The cycle of poverty has been described as a phenomenon where poor families become trapped in poverty for generations.
Because they have no or limited access to critical resources, such as
o   Educational and
o   Financial services,
Subsequent generations are also impoverished.
There are multiple cycles of poverty – based on, among other things,
o   Economic,
o   Social,
o   Spiritual and
o   Geographical factors.
Many cycles overlap or perpetuate new cycles and therefore any attempt to depict the cycle of poverty will be far more simplistic than realistic.
The figure below shows – in very simplistic terms – how a cycle of poverty related to hunger keeps a person or household poor in one of the world’s developing countries.

No comments:

Post a Comment