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Inequality and the Fragility of Growth

Bibliographic Data

ID20067342
AuthorsJonathan D Ostry (0000-0002-0315-8378, International Monetary Fund), François Bourguignon (0000-0002-3094-1827, Paris School of Economics)
Year2016
Pages136-162
Publication date2016-01-01
Peer ReviewedYes
Open AccessYes
TypeCHAPTER
VenueInequality and Growth : Patterns and Policy : Volume II (SOURCE_BOOK)
PublisherPalgrave Macmillan UK (PUBLISHER)
DOI10.1057/9781137554598_4
OpenAlexW2493479815
ISBN9781137554598
LanguageEN
References cited24

Over the long run, sustained growth is central to poverty reduction. The rapid growth seen in much of the world over the past few decades — notably, but not only, in China and India — has led to an unprecedented reduction in poverty. And, in general, increases in per capita income tend to translate into proportionate increases in income of the poor. As Dollar and Kraay (2002) memorably put it, “Growth Is Good for the Poor.” All the more reason, then, to place sustainability of growth at the center of any poverty reduction strategy

China · Development economics · Economic growth · Economic inequality · Economics · Exchange rate · Fragility · Inequality · Liberian dollar · Macroeconomics · Per capita · Per capita income · Political science · Poverty · Poverty reduction · Sociology · Sustainability · Us dollar · Economic Theory and Policy · Income, Poverty, and Inequality · Sustainable Development and Environmental Policy

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