Chapter

Growth Is Good for the Poor, If Social Policy Passes It On

Lane Kenworthy

in Progress for the Poor

Published in print August 2011 | ISBN: 9780199591527
Published online January 2012 | e-ISBN: 9780191731389 | DOI: http://dx.doi.org/10.1093/acprof:oso/9780199591527.003.0002
Growth Is Good for the Poor, If Social Policy Passes It On

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Economic growth has been good for the poor in the world’s rich nations since the 1970s. But not always. Some countries have experienced lengthy periods of economic growth with little or no rise in the incomes of low-end households. When growth has trickled down to the poor, government transfers have been the principal conduit. It is in countries that have increased transfers in concert with per capita GDP that the incomes of the poor have tended to rise.

Keywords: poverty; absolute poverty; low-end incomes; economic growth; trickle down; social policy; redistribution

Chapter.  2476 words.  Illustrated.

Subjects: Political Economy

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