Economic category of resource poverty – factor analysis

The relevance of the issue of the relationship between poverty and national wealth arises from the increasing importance of the fragmentation of the global economy and the shift away from collective efforts to combat poverty towards individual responsibility for addressing the problem at the national level. Today, there is a lack of consensus on how to assess the adequacy of state resources for implementing anti-poverty measures. Therefore, it is essential to define what constitutes poverty due to insufficient resources, identify factors that contribute to its persistence, and develop tools for assessing it. In this article, the research methodology includes several key stages aimed at a deep understanding of the concept of resource poverty and its impact on economic development. This study introduces the economic concept of "resource poverty," which refers to a country's inability to provide a balanced set of interconnected resources sufficient to implement poverty alleviation policies. Based on the correlation analysis, poverty lines have been identified for all countries, with income levels of US$8.65 per day for developing countries, US$9.75 per day for developed countries, and US$9.95 per day in developed countries. The analysis of the components of national wealth and their ratios has identified the factors that contribute to resource poverty within the context of these components. The analysis of the relationship between the components of national wealth and poverty has led to the conclusion that the growth of the industrial sector in developing countries could be a key factor in raising the poverty line. However, the further development of the service sector and digitalization of economies may increase the risk of global poverty.

Poverty, resource poverty, national wealth, resources, factors, produced non-financial assets, sustainable development, global economy, Russia, creative economy