A critical appraisal of the global benchmarks for measuring poverty and newly suggested measures

Loading...
Thumbnail Image
Date
2014-09-01
Authors
Sani, B. M.
Abubakar, A. Y.
Jagongo, A. O.
Journal Title
Journal ISSN
Volume Title
Publisher
www.iijsr.org
Abstract
Eradication of Poverty has now been established to transcend beyond Community, country or regional goal with its inclusion as part of Millennium Development Goals (MDG). This paper as the title suggests reviews the existing approaches for measuring poverty as well as a critique of the various approaches. At the background, the paper reviews the concept of poverty from the theoretical and poor people’s point of view. It then highlights the features, structure and magnitude of poverty in Nigeria. The core part of the paper discusses critically the existing methodologies/approaches for measuring poverty, and the critique/limitations of such measures. Finally, it proposes new approaches/methods that may be more in line with the cultural and economic settings and conditions of third world countries like Nigeria.
Description
Keywords
Poverty, Poverty eradication, Millennium Development Goals, Absolute Poverty, Relative Poverty, Core or Abject Poverty, Head Count Index Measure, Quality of Life Index, Poverty Gap Measure, Human Development Index
Citation
International Interdisciplinary Journal of Scientific Research Vol. 1 No. 1 September, 2014