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Economic Growth And Poverty Reduction

by Alan Castle
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Current price ₹4,253.00
Original price ₹4,900.00
Original price ₹4,900.00
Original price ₹4,900.00
(-13%)
₹4,253.00
Current price ₹4,253.00

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Book cover type: Paperback
  • ISBN13: 9781530459384
  • Binding: Paperback
  • Subject: N/A
  • Publisher: Createspace Independent Publishing Platform
  • Publisher Imprint: Createspace Independent Publishing Platform
  • Publication Date:
  • Pages: 140
  • Original Price: USD 50.0
  • Language: English
  • Edition: N/A
  • Item Weight: 268 grams
  • BISAC Subject(s): General

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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