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One side in the current debate about who benefits from growth has focused solely on average impacts on poverty and inequality, while the other side has focused on the diverse welfare impacts found beneath the averages. Both sides have a point. The evidence is compelling that the poor in...
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The paper examines the ways in which recent economic growth has been uneven in China and India and what this has meant for inequality and poverty. Drawing on analyses based on existing household survey data and aggregate data from official sources, the authors show that growth has indeed been...
Persistent link: https://www.econbiz.de/10012553889
The paper examines the ways in which recent economic growth has been uneven in China and India and what this has meant for inequality and poverty. Drawing on analyses based on existing household survey data and aggregate data from official sources, the authors show that growth has indeed been...
Persistent link: https://www.econbiz.de/10012747908
This case study for India finds an explanation for the drop in average household consumption in rural areas occurring in the year after the 1991 stabilization program instigated to deal with a macroeconomic crisis. A number of factors contributed to falling average living standards, including...
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One of the most contentious issues of globalization is the effect of global economic integration on inequality and poverty. This article documents five trends in the modern era of globalization, starting around 1980. The first trend is that growth rates in poor economies have accelerated and are...
Persistent link: https://www.econbiz.de/10012564137