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Economic Growth And Poverty Reduction
Paperback
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ISBN10: 1530459389
ISBN13: 9781530459384
Publisher: Createspace
Published: Mar 8 2016
Pages: 140
Weight: 0.59
Height: 0.36 Width: 6.00 Depth: 9.00
Language: English
ISBN13: 9781530459384
Publisher: Createspace
Published: Mar 8 2016
Pages: 140
Weight: 0.59
Height: 0.36 Width: 6.00 Depth: 9.00
Language: English
This study examines the question of whether economic growth tends to reduce poverty, where poverty is measured by the incomes of the poorest 20% and 40% of a population. Using the most recent data available, the paper shows that an increase in the rate of GDP growth translates into a direct one-for-one increase in the rate of growth of average incomes of the poorest 40%. There is little evidence to support the contention that economic growth and outward-oriented policies will hurt the poor. Countries with higher rates of economic growth over the last 30 years have achieved greater reductions in poverty.
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