Poverty Reduction and Economic Growth

Poverty refers to a situation or state in which a person or community lacks the financial resources and necessities essential for maintaining a minimum standard of living. It usually has multiple economic, social, and political causes and effects. Poverty-ridden individuals and households are often unable to make ends meet and they seldom have access to proper housing, clean water, healthy food, and medical facilities. Poverty reduction is a set of economic and humanitarian measures or policies aimed at bringing the poverty-stricken individuals out of poverty. Economic growth is the most effective tool for eliminating poverty and improving the standard of living in developing nations. It has also resulted in better access to opportunities and basic services, creation of new jobs, improved incomes, and increased pace of poverty reduction. This book discusses the current and emerging issues in poverty reduction and economic growth. Coherent flow of topics, student-friendly language, and extensive use of examples make it an invaluable source of knowledge.