The concept of multi-dimensional poverty and theoretical approaches to its essential characteristics

Tyumen State University Herald. Social, Economic, and Law Research

Release:

Vesntik TSU. Economy (#11). 2014

Title:

The concept of multi-dimensional poverty and theoretical approaches to its essential characteristics

About the author:

Dmitry Yu. Rudenko, Cand. Sci. (Econ.), Associate Professor, Department of World Economy and International Business, Tyumen State University; d.y.rudenko@utmn.ru

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Abstract:

The article classifies the conceptual and methodological approaches of poverty characteristics. Various dimensions of poverty have been proposed based on the analysis of contemporary conceptual methods to assess welfare system. They include not only the lack of income or consumption but also inadequate health, nutrition and education, lack of social ties, insecurity, low self-esteem and helplessness. The official approach to the definition of poverty in Russia is based on the monetary approach, which does not allow to evaluate all the factors affecting the level and composition of poverty. To identify a comprehensive picture of poverty, the indicators characterizing this phenomenon from various viewpoints are compared. They are monetary indicators, unsatisfied basic needs, lack of human development opportunities, social exclusion, and subjective assessment of poverty. The study can be used as a basis for methodological improvement of public policies for poverty reduction and the formation of human capital.

Keywords:

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