We consider a situation where the relatively ‘poor’ are concerned about their relative income status with respect to a relevant reference group. Such a concern is explicitly introduced in a utility function to study the consumption and saving behavior of the poor in terms of a static and...

Guinea-Bissau endured a major conflict in 1998 and has suffered from persistent political instability since independence. After a brief review of indicators of governance in Guinea-Bissau and recent political developments, the objective of this Chapter is to provide results from a recent survey...

Conflict and political instability have considerably weakened Guinea-Bissau’s productive infrastructure during the past three decades. This situation has contributed to an increase in the degree of vulnerability of the population, especially in rural areas. As growth has been weak, poverty...

This study aims to investigate the food, agriculture and economic situation of Bangladesh in some details. Although it faces various problems in economic progress since the independent in 1971, in the last forty years the increase of food production, economic development and poverty reduction of...

This paper discusses the global food price hike and the effects of it among the poor of developing countries. Increase of food price became severe during 2007 and 2008, which was high in the last fifty years and more than half of the populations of the world affected due to this price hike....

The impact of education on earnings and thus on poverty works largely through labour market. Along with some other socio economic factors, education does play a crucial role to alleviate poverty. Better educated people has greater probability of being employed, are economically more productive...