Equity and Growth

7hat man doesn't live by growth rates alone has been echoing through the LDC's, special UN assemblies, and McNamara speeches in recent years. Long before the recent coming together of oil, fertilizer, and food crises led us to an awareness of the growing disparity among the developing countries-dividing them clearly into third and fourth worldsthe easy assumptions of the sixties as to what was happening within individual LDC's were undergoing a fairly agonizing type of reappraisal. At the heart of this issue lay the recognition that even countries growing in excess of UN goals, i.e., at more than 5% annually, have generally been experiencing a worsening in the distribution of income and increases in the volume of low level poverty, as well as in associated rates of unemployment or underemployment. Partly because the old-fashioned grow first-distribute later notions did not seem to be working-later never seemed to come-and partly because there was now an increasing

Developing country · Development economics · Economic growth · Economics · Equity (law · Political science · Poverty · Underemployment · Unemployment · Sustainable Development and Environmental Policy

• Growth and Distribution in the Market Economies of East Asia

  Open Access•Gary S Fields•World Politics•1982

  Add to list

• A model of growth and employment in the open dualistic economy

  John C H Fei, Gustav Ranis•The Journal of Development Studies•1975

  Add to list