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Poverty Reduction and Growth: Virtuous and Vicious Circles

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Poverty Reduction and Growth: Virtuous and Vicious Circles - Perry, Guillermo E, and Serven, Luis, and Maloney, William F
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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 ...

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Poverty Reduction and Growth: Virtuous and Vicious Circles 2006, World Bank Publications, Washington, DC

ISBN-13: 9780821365113

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