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Poverty in Pakistan

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Poverty in Pakistan
INTRODUCTION

Poverty level in a society is an important measure of the standards of living of the citizens. Poverty is commonly defined as an insufficiency of means relative to needs, or as a condition of moneyless ness. Poverty in the sense of moneylessness is not having enough basic medium of exchange to satisfy elementary human needs and to function economically and socially. Gerald Meier and JE Rauch define poverty “as the inability to attain a minimum standard of living”
“Poverty is the parent of revolution and crime” said Aristotle about 3,000 years ago. Although Aristotle’s poverty-ambit may be overstatement, most present day economists and criminologists however tend to agree that role of poverty is not altogether negligible and that attacking poverty is attacking crime.
Poverty has become a challenging problem for the economy of Pakistan. The government is trying her best to alleviate it. According to the Economic Survey of Pakistan, the poverty came down from 34.46% in 2000-01 to 23.90 in 2005-06.
Objectives of the Study:

Data Sources

The study is based on secondary sources of data drawn from various sources such as Pakistan Economic Survey (various issues), Pakistan Statistical Year Book, Federal Bureau of Statistics, Censuses of Population, Punjab Development Statistics, State Bank Reports, etc

References

Kemal, A.R., and Rashid Amjad (1997). “Macroeconomic Policies and Their Impact on Poverty Alleviation in Pakistan.” The Pakistan Development Review, 31(1), 39-68.

Jamal, Haroon (2004) “Does Inequality Matter for Poverty Reduction? Evidence from Pakistan’s Poverty Trends” Social Policy and Development Centre Research Report Number 58. Social Policy and Development Centre, Karachi.

Arif, G.M. (2000). “Recent Rise in Poverty and Its Implications for Poor Households in Pakistan.” The Pakistan Development Review, 39(4),



References: Kemal, A.R., and Rashid Amjad (1997). “Macroeconomic Policies and Their Impact on Poverty Alleviation in Pakistan.” The Pakistan Development Review, 31(1), 39-68. Jamal, Haroon (2004) “Does Inequality Matter for Poverty Reduction? Evidence from Pakistan’s Poverty Trends” Social Policy and Development Centre Research Report Number 58. Social Policy and Development Centre, Karachi. Arif, G.M. (2000). “Recent Rise in Poverty and Its Implications for Poor Households in Pakistan.” The Pakistan Development Review, 39(4), 1153-117.

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    References: [1] [2] [3] [4] Agenor, Pierre-Richard (1998). Stabilization policies, poverty and the Labour Market, Mimeo, IMF and World Bank. Amjad, Rashid, and Kemal, A. R. (1997). Macroeconomic policies and their impact on poverty alleviation in Pakistan. The Pakistan Development Review, 36(1), 39-68. Becker, Gary S. (1964). Human Capital. New York Colombia University Press for NBER Chen, Derek H.C., Ranaweera, Thilak and Storozhuk, Andriy, (2004). The RMSM-X+P: A Minimal Poverty Module for the RMSM-X (May 11, 2004). World Bank Policy Research Working Paper No. 3304. Available at SSRN: http://ssrn.com/abstract=610349 Dollar D, Kraay A (2002). Growth is good for the poor. Journal of Economic Growth, 7,195-225. Irfan, Muhammad (2001). Global Trends on Education. The Oxfam Education Report (2001), Chapter 2. Jamal, H. (2003). Poverty and inequality during the adjustment decade: Empirical findings from household surveys. The Pakistan Development Review, 42(2), 125-136. Khan, Mosin (1990). Macroeconomic Policies and the Balance of Payments in Pakistan. 197286, IMF Working Paper /90 /78, Washington D.C. Malik, Muhammad Hussain (1988). Some New Evidence on the Incidence of Poverty in Pakistan. The Pakistan Development Review, 27(4), 509-516. Marshall, Alfred. Principles of Economics. London: Macmillan 1890 (1st edition); (1920) (8th edition). Book VI, Ch. IV, 2, 3 and 4 (pp. 560—566); Chapter XI, 1 (pp. 660—661) and Chapter XII, § 9 (pp. 681—684). Mincer, Jacob (1972). Schooling, Experience and Earnings. New York: NBER. Mincer, Jacob (1958). Investment in Human Capital and Personal Income Distribution. Journal of Political Economy, 66. Ministry of Finance Pakistan (2001). Combating Poverty in Pakistan, www.finance.gov.pk Pakistan Economic Survey (various Issues), Ministry of finance, Government of Pakistan, Islamabad. Romer, Christina and David Romer (1998). Monetary Policy and the Well-Being of the Poor. National Bureau of Economic Research Working Paper 6793, November Sarris, Alexender H.(2001). The Role of Economic Development and Poverty Reduction: An Empirical and Conceptual Foundation. University of Athens, Athens. Schultz, Theodore W. (1961). Education and Economic Growth. In N.B. Henry (Ed), social factor influencing education. Chicago: University of Chicago Press. Sen, Amartya (1999). Development as Freedom. New Delhi: Oxford University Press. Smith, Adam (1776). An Inquiry into the Nature and Causes of the Wealth of Nations. London. (First edition). London: George Rutledge & Sons. 1903. pp. 78-79. World Bank, World Development Indicators (WDI). (April 2008). ESDS International, (Mimas): University of Manchester.…

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