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Meaning of Cycle of PovertyIn economics and sociology the Cycle of Poverty suggested that there are a set of factors and events by which poverty once have started is likely to continue unless there is outside interventionHutchinson Encyclopedia Cycle of Poverty Some further define such phenomenon with a narrower constraint only poor families who become trapped in poverty for at least 3 generations should be considered spell bounded in the endless poverty cycle The cycle of poverty is an unavoidable social phenomena when a family is poor their child will have to grow up in poverty and they cannot afford resources for enhancement and development for their offspring the children from these families will be comparatively disadvantaged to get a job in terms of skillfulness and level of education comparing to those who are from a better-off family in order which will lead to the continuity of underprivileged The story simply goes on and on In fact the cycle of poverty which was sometimes called the development trap Valentine was not a contemporary phenomena It has roots in ancient times and feudalism Cycle of poverty psychoWikicom when poor peasants were under the exploitation of wealthy landlords and were forced to tribute a large portion crops to them which hinder their children from getting the resources to leave the farming sector and continue to stay poor for generationsSince the pattern of behaviors and situations cannot be changed easily collectivity work in a circular progress makes it virtually impossible for individuals to break the cycle PaynePoverty Situation in Hong KongIncome disparity is a serious social problem Hong Kong has been encountering for decades Hong Kong was recognized as the M-form Society Ouchi1984 implies that the city is lacking of population of middle class to strike a balance between the rich and poor thus the society was trapped in such an imbalance situation The concept of M Society suggested that population in deprived situation and those in wealthy
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