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Six Southeast Asian countries (Cambodia, Lao People's Democratic Republic, Malaysia, Myanmar, the Philippines, and Thailand) defied Gunnar Myrdal's pessimistic prognosis in his 1968 volume, Asian Drama, regarding their prospects for development. In the past half-century, these countries raised...
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While economic growth generally reduces income poverty, there are pronounced differences in the strength of this relationship across countries. Typical explanations for this variation include measurement errors in growth-poverty accounting and countries' different compositions of economic...
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While economic growth generally reduces income poverty, there are pronounced differences in the strength of this relationship across countries. Typical explanations for this variation include measurement errors in growth-poverty accounting and countries' different compositions of economic...
Persistent link: https://www.econbiz.de/10013043417
Economic growth typically reduces poverty, but global averages conceal wide variation at the country-level, where even rapid growth may not significantly improve the incomes of the poor. In some of sub-Saharan Africa's fastest growing countries, measured poverty rates have remained virtually...
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