XEA 406: Poverty and Development

Institution UNIVERSITY
Course Bachelors of Economi...
Year 4th Year
Semester Unknown
Posted By stephen oyake rabilo
File Type pdf
Pages 17 Pages
File Size 310.51 KB
Views 164
Downloads 0
Price: Buy Now whatsapp Buy via whatsapp
  • whatsapp
  • facebook
  • twitter

Description

Economic Growth Economic growth and economic development are generally not one and the same thing but most people use the terms interchangeably. What is economic growth and how is it different from economic development? Economic growth means increase in per capita income or sustained increase in a country's output of goods and services. Kenya’s Growth Performance Kenya’s economic growth has followed an oscillating pattern since independence in 1963 as shown in Figure 1. In 1964, the economy took an upward trajectory up to 1972 when the growth took a nosedive but started rising again in 1975. Following two decades of stagnation in per capita income and high volatility of economic activity, Kenya’s economy moved to a path of accelerating growth after 2002 when a new government was sworn in. The rate of economic growth increased steadily from below 1percent in 2002 to 7percent in 2007. Following the December 2007 elections, the country was hit by post election violence in January 2008 followed by global financial crisis in 2008/2009 and this negatively impacted the rate of economic growth as shown in Figure 1.
Below is the document preview.

No preview available
XEA 406: POVERTY AND DEVELOPMENT
Another convenient feature of the FGT class of poverty measures is that they can be disaggregated for population subgroups and the contribution of each subgroup to national poverty can be calculated. Although the FGT measure provides an elegant unifying framework for measures of poverty, it leaves unanswered the question of the best value of . The measures of poverty depth and poverty severity provide information complementary to the incidence of poverty. It might be that some groups have a high poverty incidence but low poverty gap (when numerous members are just below the poverty line), while other groups have a low poverty incidence but a high poverty gap for those who are poor (when relatively few members are below the poverty line but with extremely low levels of consumption). The Table below provides an example from Madagascar
9 Pages 157 Views 0 Downloads 180.66 KB
XEA 406: POVERTY AND DEVELOPMENT
Describing Poverty: Poverty Profiles What is a Country Poverty Profile? A country poverty profile sets out the major facts on poverty and inequality, and then examines the pattern of poverty to see how it varies by geography (by region, urban or rural, mountains or plains, and so on), by community characteristics (for example, in communities with and without a school), and by household characteristics (for example, by education of household head or by household size). Hence, a poverty profile is a comprehensive poverty comparison, showing how poverty varies across subgroups of society. A well-presented poverty profile can be very informative and extremely useful in assessing how the sectoral or regional pattern of economic change is likely to affect aggregate poverty. It uses basic techniques such as tables and graphs. For example, regional poverty comparisons are important for targeting development programs to poorer areas. A study of poverty in Cambodia showed that headcount poverty rates were highest in the rural sector and lowest in Phnom Penh in 1999
11 Pages 171 Views 0 Downloads 264.87 KB
XEA 406: POVERTY AND DEVELOPMENT
Poverty Monitoring and Evaluation A poverty monitoring and evaluation system is required to determine whether a countrys overall poverty reduction strategy, and its main components, is effective. Poverty Monitoring Challenges The first challenge in monitoring progress toward poverty reduction is to: • Identify the goals that the strategy is designed to achieve, such as eradicate hunger or halve poverty within a decade. • Select the key indicators that measure progress toward the goals for example the proportion of individuals consuming less than 2,100 Calories per day, or the proportion of households living on less than a dollar a day. • Set targets, which quantify the level of the indicators that are to be achieved by a given date, for example reduce by half the number of households living on less than a dollar a day by the year 2030
9 Pages 165 Views 0 Downloads 198.87 KB
XEA 406: POVERTY AND DEVELOPMENT
Poverty and Environment What is the Environment? The term environment’ used narrowly refers to green issues concerned with nature such as pollution control, biodiversity and climate change. Use more broadly, it includes issues such as drinking water and sanitation provision (often known as the brown agenda). Neefjes (2000, p. 2) uses the term in a broad sense, referring to the environment as a vehicle for analyzing and describing relationships between people and their surroundings, now and in the future. What is the linkage between Poverty and Environment? The simplistic cyclical relationship between environment and poverty is where poverty causes environmental destruction and this causes poverty.
11 Pages 196 Views 0 Downloads 170.37 KB