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Phone: (843) 766-6635
Folly Beach Library
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Phone: (843) 588-2001
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Growth, Inequality and Poverty: Some Hard Questions.
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- Author(s): Kanbur, Ravi
- Source:
Journal of International Affairs. Spring2005, Vol. 58 Issue 2, p223-232. 10p.- Subject Terms:
- Source:
- Additional Information
- Subject Terms:
- Abstract: This article presents the author's commentary on issues related to economic growth, inequality and poverty. The author confines himself on the said issues defined over income, or monetary value of consumption, following standard practice in economics. The said issues are the concerns of the United Nations' Millennium Development Goals. The author focused on income poverty to show that questions arise even within a narrow economic perspective. Given the distribution of income, the mean can be calculated. Changes in per capita income and changes in inequality has no statistical correlation. Policymakers have to select and implement policies that will lead to per capital income increase or decrease in inequality.
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