Chapter

Poverty and Inequality

Arsenio M. Balisacan

in The Philippine Economy

Published in print March 2003 | ISBN: 9780195158984
Published online November 2003 | e-ISBN: 9780199869107 | DOI: http://dx.doi.org/10.1093/0195158989.003.0010
 Poverty and Inequality

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Examines the nature, pattern, characteristics, and causes of poverty and inequality in the Philippines over the last quarter‐century using comparable household data. The principal macro conclusion is that levels of poverty are highly growth‐sensitive. Since distribution does not change significantly in the short to medium term, this means that changes in the level of household income, which is affected by aggregate levels of economic activity, is the major proximate determinant of poverty. Apart from the economic growth, other factors – such as education, infrastructure, terms of trade, agrarian reform, governance, and certain geographic attributes – exert direct impact on the welfare of the poor. The chapter concludes with policy suggestions for winning the war against poverty.

Keywords: decomposition; determinants; development planning; economic crisis; economic growth; income distribution; inequality; policy; poverty; welfare

Chapter.  12604 words.  Illustrated.

Subjects: Economic Development and Growth

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