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Unformatted text preview: contraception. Triple Whammy of Poverty Definition: A pattern of three distinct problems linked to extreme poverty: (1) incomes are small, (2) cash flows are irregular and unpredictable, and (3) existing financial instruments are unreliable and not suited to the erratic cash flow patterns. Significance: The triple whammy is a more complex way of examining extreme poverty. Poor households are unable to break the poverty trap because of these fundamental problems. Micro-finance is one solution to this phenomenon because micro-finance helps to smooth consumption levels, significantly reduce the need to sell assets to meet basic needs, and cope with sudden increased expenses (associated with death, serious illness, etc.). Cite/example: lecture 5/22 and The Triple-Whammy of Poverty; examples: refer to triple whammy reading...
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- Spring '11