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:
Ø  Education
Ø  Financial services
Subsequent generations are also impoverished.
There are multiple cycles of poverty- based on, among other things:
Ø  Economic
Ø  Social
Ø  Spiritual
Ø  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.


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