Chapter

Poverty, Equity, and Growth

Deepak Lal and H. Myint

in The Political Economy of Poverty, Equity and Growth: A Comparative Study

Published in print October 1998 | ISBN: 9780198294320
Published online November 2003 | e-ISBN: 9780191596582 | DOI: http://dx.doi.org/10.1093/0198294328.003.0002
 Poverty, Equity, and Growth

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The interrelationships between poverty, equity, and growth are addressed. The first section of the chapter deals with various issues on the measurement of wealth and welfare, and provides a discussion of the reasons why a positive rather than the usual normative approach has been taken to study questions of growth, poverty, and equity; it also explains why the usual concern with statistical measures of inequality of incomes has been eschewed. The next three sections of the chapter deal with the question of whether growth can be expected to alleviate poverty. This is answered by distinguishing between three different types of poverty, and two differing ethical perspectives on questions of poverty alleviation. The final section summarizes the evidence from the country studies on whether growth can be expected to alleviate mass structural poverty.

Keywords: economic growth; economic inequality; equity; income; inequality; measurement; poverty; poverty alleviation; relationships; wealth; welfare

Chapter.  11231 words. 

Subjects: Economic Development and Growth

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