PO220 Lecture Notes - Lecture 2: Modernization Theory, Four Asian Tigers, Informal Sector

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Different ways to measure, absolute vs relative. General measure is income/ gdp, and this is the traditional way to measure poverty. If you"re living on less than . 25 you"re very poor, adjusted for societies, economies, comparable to 1. 25 usd. There"s recognition income doesn"t tell us enough about poverty, need to consider things like. Hdi, and multidimensional poverty indices: considering things like housing, nutrition, diversity in your diet with enough calories. In day to day life, can you access education and health care, safe housing, sufficient nutrition, etc: this is the capability approach: from amartya sen. In relation to inequality: urban populations are very inequitable. In slum communities, there is very poor access to a lot of things, and a minority of people are doing very very well. Inequality reflected in consumption patterns: there are also inequalities in political components of daily life.

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