Concepts
During recent decades, development thinking has shifted from modernization and structural adjustment programs to poverty reduction. Under the former system, poor countries were encouraged to undergo social and economical structural transformations as part of their development, creating industrialization and intentional industrial policy. Poverty reduction rejects this notion, consisting instead of direct budget support for social welfare programs that create macroeconomic stability leading to an increase in economic growth.
The concept of poverty can apply to different circumstances depending on context. Poverty is the condition of lacking economic access to fundamental human needs such as food, shelter and safe drinking water. While some define poverty primarily in economic terms, others consider social and political arrangements also to be intrinsic - often manifested in a lack of dignity.
Read more about this topic: International Development
Famous quotes containing the word concepts:
“It is impossible to dissociate language from science or science from language, because every natural science always involves three things: the sequence of phenomena on which the science is based; the abstract concepts which call these phenomena to mind; and the words in which the concepts are expressed. To call forth a concept, a word is needed; to portray a phenomenon, a concept is needed. All three mirror one and the same reality.”
—Antoine Lavoisier (1743–1794)
“When you have broken the reality into concepts you never can reconstruct it in its wholeness.”
—William James (1842–1910)
“Science is a dynamic undertaking directed to lowering the degree of the empiricism involved in solving problems; or, if you prefer, science is a process of fabricating a web of interconnected concepts and conceptual schemes arising from experiments and observations and fruitful of further experiments and observations.”
—James Conant (1893–1978)