Global Poverty

Why are some people poor? Why does absolute poverty persist despite substantial economic growth? What types of late economic development or 'catch-up' capitalism are associated with different poverty outcomes?<em> Global Poverty</em> addresses these apparently simple questions and the extent to which<br>the answers may be shifting. One might expect global poverty to be focused in the world's poorest countries usually defined as low-income countries or least developed countries or 'fragile states'. However most of the world's absolute poor by monetary or multi-dimensional poverty - up to a<br>billion people - live in growing and largely stable middle-income countries. At the same time poverty has not fallen as much as the substantial economic growth would warrant. As a consequence and as domestic resources have grown much of global poverty has become less about a lack of domestic<br>resources and more about questions of national inequality social policy and welfare regimes and patterns of economic development pursued.<br>