Economic of Poverty

[VCheng]

I found this chart informative.

from: Poor economics: The bread line | The Economist

Poor economics
The bread line

May 9th 2011, 16:04 by The Economist online

The distribution of poverty in poor countries

ECONOMISTS Abhijit Banerjee and Esther Duflo describe the results of a number of household surveys they carried out in developing countries in their new book “Poor Economics”. Their data allow comparisons of the full distribution of consumption per person in a number of developing countries, in addition to the more commonly available figures on the fraction of people living on less than $2 a day. In some of these countries, many of those who consume enough to ensure they do not count as “poor” are in fact only a bit better off than those who do. Nearly 80% of the 30.6% of Bangladeshis who consume more than $2 a day in fact consume only between $2 and $4 a day—still very little indeed. A little bit of bad luck—a single bad harvest, for example—may be all it takes to send them back to living below the poverty line.

 

[desioptimist]

I found this chart informative.

from: Poor economics: The bread line | The Economist

Poor economics
The bread line

May 9th 2011, 16:04 by The Economist online

The distribution of poverty in poor countries

ECONOMISTS Abhijit Banerjee and Esther Duflo describe the results of a number of household surveys they carried out in developing countries in their new book “Poor Economics”. Their data allow comparisons of the full distribution of consumption per person in a number of developing countries, in addition to the more commonly available figures on the fraction of people living on less than $2 a day. In some of these countries, many of those who consume enough to ensure they do not count as “poor” are in fact only a bit better off than those who do. Nearly 80% of the 30.6% of Bangladeshis who consume more than $2 a day in fact consume only between $2 and $4 a day—still very little indeed. A little bit of bad luck—a single bad harvest, for example—may be all it takes to send them back to living below the poverty line.

Does not have India data as whole country.