Poverty trap
From The Art and Popular Culture Encyclopedia
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- | :''the theory of how welfare support can affect employment, known in Britain as the "poverty trap", see [[Welfare trap]] | + | |
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- | A '''poverty trap''' is a self-reinforcing mechanism which causes [[poverty]] to persist. If it persists from generation to generation, the effect can reinforce itself as a "[[cycle of poverty]]", if steps are not taken to break the trap. | + | |
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- | In the [[developing world]], many factors can contribute to a poverty trap, including: limited access to [[Credit (finance)|credit]] and [[capital markets]], extreme [[environmental degradation]] (which depletes agricultural production potential), corrupt governance, [[capital flight]], poor education systems, disease ecology, lack of [[public health care]], war and poor [[infrastructure]]. | + | |
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- | ==See also== | + | |
- | *[[Involuntary unemployment]] | + | |
- | *[[Welfare trap]] | + | |
- | *[[Wage slavery]] | + | |
- | *[[Collateral consequences of criminal conviction]] | + | |
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- redirectCycle of poverty