by: Guillermo E. Perry, Luis Serven, William F. Maloney, J. Humberto Lopez, Omar Arias
That raising income levels alleviates poverty, and that economic
growth can be more or less effective in doing so, is well known and has
received renewed attention in the search for pro-poor growth. What is
less well explored is the reverse channel: that poverty may, in fact,
be part of the reason for a country's poor growth performance. This
more elaborated view of the development process opens the door to the
existence of vicious circles in which low growth results in high
poverty and high poverty in turn results in low growth.
Poverty Reduction and Growth is about the existence of these
vicious circles in Latin America and the Caribbean about the ways and
means to convert them into virtuous circles in which poverty reduction
and high growth reinforce each other. Through its analysis of fresh
data and the attention it pays to issues such as the persistent
inequality in the region, the role played by various microdeterminants
of income, and the potential existence of human capital underinvestment
traps, this title should be a valuable contribution to the current
regional debate on poverty and growth, a debate that is critical to the
design of policies conducive to enhancing welfare in all is dimensions
among the poor of Latin America and the Caribbean.
- Shipping Weight: 1.28 lbs (0.58 kgs)
Customers who bought this title also purchased...