Poverty, Inequality and Development

June 4, 2022
Michael Lanscell Henry
UB71017HIN80170

Understanding Poverty, Inequality, and Development

This document explores the intricate relationship between poverty, inequality, and economic development. It critiques traditional measures like Gross National Income (GNI) and emphasizes the importance of human capital—education, health, and skills. The analysis highlights the need for comprehensive policies that address both formal and informal labor markets to foster inclusive growth.

Click here: Empowering Women: Key to Inclusive Growth

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Assignment Transcript

The study delves into the multifaceted nature of economic development, arguing that traditional metrics such as GNI and per capita income are insufficient indicators of a country’s progress. It emphasizes the role of human capital in driving development and addresses the challenges faced by underrepresented groups, particularly women in the labor force. By examining the informal economy and the impact of education, the document advocates for policies that promote equitable growth and social inclusion. The insights provided aim to inform future strategies for reducing poverty and inequality, ultimately contributing to sustainable development.

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