Wednesday, March 2, 2011

Poverty Cycle

What is the cycle of Poverty?
The cycle of poverty has been described as a phenomenon where poor families become trapped in poverty for generations because they have no or limited access to critical resources, such as:
·       Education
·       Financial services
Subsequent generations are also impoverished.
There are multiple cycles of poverty-based on, among other things.
·       Economic,
·       Social
·       Spiritual and
·       Geographical factors
Many cycles overlap or perpetrate new cycles and therefore any attempt to depict the cycle of poverty will be far more simplistic than realistic.
The figure below shows – in very simplistic terms- how a cycle of poverty related to hunger keeps a person or household poor in one of the world’s developing countries.

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