Poverty trap and Aspiration Failure: An Analysis in Nepalese Context.

 This paper Synopsizes poverty reduction endeavours in Nepal and sheds light on likelihood of poor people being in a state of aspiration failure that persistence poverty induces in the society. In particular, this article attempts to envisage how far Nepalese poor are away from developing this psychological outcome (aspiration failure) due to chronic poverty they are facing. In my personal opinion, this is a new dimension of poverty analysis, at least in Nepalese context, which produces the worst social outcome but has not yet given much attention by policy makers. I emphasize that conventional analysis of poverty as head count ratio, relative and absolute poverty might not suffice to understand the social cost of poverty in a broader context. Hence, I introduce a new agenda for policy debate in Nepal as poverty (partly) being a function of internal constraints which necessitates a different strategy to tackle with. Furthermore, this paper suggests five different thematic areas of poverty to be analyzed empirically in order to understand poverty in a broader context and to formulate effective pro-poor policies in general and particularly in Nepal. 

Key words: Persistent Poverty, Aspiration Failure, Public Intervention, Chronic poverty, Inter generational Poverty Path. Dimension of Poverty

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