SOCI 254 Lecture Notes - Lecture 2: Four Asian Tigers, Edward Said, False Consciousness
3 Apr 2016
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Document Summary
Absolute poverty: the inability to meet your basic fundamental needs to survive (usually quaniied as living on 1. 25$ or less/day). Relaive poverty: generally means anyone below the median or average income in a country. It"s more related to social opportuniies and has psychological efects. Capabiliies approach (amartya sen): concept of poverty as something that limits your freedom. East asia is responsible for most of the global decline in poverty over the last few years while. Inequality: distribuion of wealth between people in an economy. If only the already wealthy are beneiing from economic growth then there can be income growth w/o poverty alleviaion. In the 1960s many asian and african countries experienced inequality and absolute poverty rates. Some believe that this is only an iniial efect and then income inequality will fall and eventually so will poverty. Those who believe this think that injecing aid will lead to this patern and eventually to poverty alleviaion.
