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Chronic Poverty: Meanings and Analytical Frameworks  Image

Promoting Inclusive Markets and Financial Systems

Chronic Poverty: Meanings and Analytical Frameworks

Chronic Poverty: Meanings and Analytical Frameworks

Summary

This paper provides an overview of the meaning of ‘chronic poverty’, and identifies frameworks for analysing it. In the first section, the major frameworks for conceptualising, defining, explaining, and measuring poverty in its broader sense are reviewed in brief, and related to the study of chronic poverty. It is suggested that research undertaken by the Chronic Poverty Research Centre (CPRC) should focus on poverty in its broadest, multi-dimensional sense, and that those who are chronically poor are likely to be poor in several ways, not only in terms of income. At the same time, the analysis of money-metric and other quantitative indicators are the primary means by which study of chronic poverty is presently undertaken, and will continue to have an important role to play in research. Our understanding of chronic poverty is also likely to draw upon notions of both absolute and relative poverty, vulnerability, social exclusion, and capabilities and freedoms, as well as upon subjective assessments by the poor themselves.

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