Measures Of Poverty Reduction Essay
Economic performance as well as the standard of living of the population is usually the general factors used as indicators of poverty. These factors combine measures of purchasing power or income or consumption with other social indices which show availability and access to education, healthcare delivery, basic infrastructure and other welfare facilities in order to define the incidence, intensity or severity and the distribution of poverty within a population.
Poverty Reduction initiatives
A number of measures to poverty reduction have been suggested by various schools of thought. For example, the Mercantilist economists laid emphasis on foreign trade as an important tool for the promotion of economic growth as well as reducing poverty.
Chenery, Ahluwalia, , Bell, Dulloy & Jolly (1974), emphasizes income redistribution for poverty reduction. According to them, poverty can be reduced if radical redistribution of income or land is allowed to take place in view of the interlock power and self interest of the rich and the bureaucracy in the handling of
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The introduction of the Structural Adjustment Programme in1986 revealed the need to alleviate poverty through effective policies and programmes targeting the poor. Various efforts have been made by the government, non-governmental organizations and individuals to reduce poverty in Nigeria. However, Ogwumike (2001), has opined that the various programmes implemented by the government to reduce poverty in Nigeria focused more on the growth of the economic, rural development and basic needs. The economic growth approach paid attention to rapid economic growth as measured by the rate of growth in real per capita GDP, price stability and declining unemployment among others, which are achieve through proper management of fiscal and monetary
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