Week 5 - Poverty, Inequality, and Economic Development PDF
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Lim Reigne Jazmin V., Salita, Nathalie, Taruc, Cristine Joy C.
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This document discusses understanding poverty and inequality, with a focus on the Philippines. It details causes, impacts, and strategies for alleviation, including topics such as. economic factors, social factors, environmental factors, economic growth, inequality, and various policy interventions.
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Prepared by: Lim Reigne Jazmin V. Salita, Nathalie Taruc, Cristine Joy C. **Understanding Poverty and Inequality** ======================================== a. I. II. b. I. II. c. I. - - - - - - - - - II. - - - - - - - III. 1....
Prepared by: Lim Reigne Jazmin V. Salita, Nathalie Taruc, Cristine Joy C. **Understanding Poverty and Inequality** ======================================== a. I. II. b. I. II. c. I. - - - - - - - - - II. - - - - - - - III. 1. - - - - - 2. - - - - d. 1. a. b. c. d. 2. a. b. c. INEQUALITY - GINI COEFFICIENT - is a typical measure of income inequality. The coefficient varies between 0 and 1, with 0 representing perfect equality and 1 perfect inequality. Most of the analysis is centered on the concept of income inequality as captured by the Gini coefficient, which is available for a large number of countries and relatively long periods. Unless specified otherwise, Gini income inequality refers to disposable income or consumption and thus already reflects any redistribution through taxes and transfers. \*\* In a 2022 report by the World Bank, the Philippines ranked 15th out of 63 countries in income inequality. The top 1% of income earners contributed 17% of the national income, while the bottom 50% only captured 14%. Additionally, the nation has one of the highest income inequality rates in East Asia**. \*\*** A. 1. 2. 3. B. 1. 2. 3. 4. C. I. 1. 2. 3. II. 1. 2. 3. D. I. 1. 2. 3. II. 1. 2. 3. **Strategies to Alleviate Poverty** =================================== a. i. ii. iii. iv. b. v. vi. vii. c. viii. ix. x. d. xi. xii. xiii. e. xiv. xv. f. xvi. xvii. xviii. g. xix. xx. xxi. h. xxii. xxiii. xxiv. i. xxv. xxvi. j. xxvii. xxviii. k. xxix. xxx. xxxi. l. xxxii. xxxiii. C. **Role of Social and Financial Inclusion in Development** ========================================================= m. I. II. a. III. 1. n. xxxiv. xxxv. xxxvi. xxxvii. **c. Impact of Social and Financial Inclusion in Economic Development** Social and financial inclusion are key drivers of economic development. When they intersect, they create a powerful framework for reducing poverty, promoting equality, and stimulating growth. **Policy Interventions in Addressing Poverty in the Philippines** ================================================================= a. 1. 2. 3. 4. 5. 6. 7. 8. 1. 2. 3. 4. 5. 6. 7. 8. 9. 10.
