Inequality and the Fragility of Growth
Book section: Over the long run, sustained growth is central to poverty reduction. The rapid growth seen in much of the world over the past few decades — notably, but not only, in China and India — has led to an unprecedented reduction in poverty. And, in general, increases in per capita income tend to translate into proportionate increases in income of the poor. As Dollar and Kraay (2002) memorably put it, “Growth Is Good for the Poor.” All the more reason, then, to place sustainability of growth at the center of any poverty reduction strategy.
Author(s)
Jonathan D. Ostry, François Bourguignon
Publisher(s)
- Palgrave Macmillan
Scientific editor(s)
- Kaushik Basu
- Joseph E. Stiglitz
Collection
- Regions and Regularities
Title of the work
- Inequality and Growth: Patterns and Policy.
Date of publication
- 2016
Keywords
- Mathematical Methods
- Public Choice
- Spatial Science
- Financial Economics
URL of the HAL notice
Version
- 1
Volume
- 2