Extremely poor

Extremely poor - Extremely poor land ownership Source De soto Definition The poor do not own land and hinders their economic development Example

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Extremely poor – land ownership Source : De soto Definition : The poor do not own land and hinders their economic development Example : The favela’s in Brazil, or Africa Significance- The extremely poor posses land, but do not necessarily own it. It would be better if they own it because they can use it to collateralize it. They probably only own enough land to feed their own family. If the poor owned more land, they might be able to produce a surplus and if you produce an agricultural surplus, you get to sell it on the market. Also hard to get upward mobility. Poverty – ‘triple whammy’ Source: Microsave “The Triple Whammy of Poverty”, also from lecture Definition: After researchers observed the financial diaries of villagers and slum dwellers in Bangladesh, India, and South Africa, they saw that these households dealt with three problems known as the triple whammy poverty trap: incomes are small: Managing and stretching uncertain income flows to put food
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 11/16/2011 for the course IDS 100B taught by Professor Ross during the Spring '11 term at UCLA.

Page1 / 2

Extremely poor - Extremely poor land ownership Source De soto Definition The poor do not own land and hinders their economic development Example

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online