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Poverty: Concepts and Measurement

In: Poverty and the Transition to a Market Economy in Mongolia

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  • Keith Griffin

Abstract

Widespread poverty is a new phenomenon in Mongolia. It did not exist before the country embarked on the transition to a market economy. Indeed poverty is a product partly of external shocks but largely of the transition strategy, a consequence of the policies adopted to convert Mongolia from a centrally planned to a market-guided economy. And judging by the absence of measures to prevent or to contain poverty in the design of the transition strategy, the emergence of poverty as a major issue must have been unanticipated. Poverty caught the policy makers off their guard.

Suggested Citation

  • Keith Griffin, 1995. "Poverty: Concepts and Measurement," Palgrave Macmillan Books, in: Keith Griffin (ed.), Poverty and the Transition to a Market Economy in Mongolia, chapter 2, pages 27-44, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-23960-3_2
    DOI: 10.1007/978-1-349-23960-3_2
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