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Growth is Failing the Poor: The Unbalanced Distribution of the Benefits and Costs of Global Economic Growth

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  • David Woodward
  • Andrew Simms
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    Abstract

    During 1990-2001, only 0.6 per cent of additional global income per capita contributed to reducing poverty below the $1-a-day line, down from 2.2 per cent during 1981-1990, and barely half the poor’s share of global income. Coupled with the constraints on global growth associated with climate change, and the disproportionately adverse net impact of climate change on the poor, this casts serious doubt on the dominant view that global growth should be the primary means of poverty reduction. Rather than growth, policies and the global economic system should focus directly on achieving social and environmental objectives.

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    File URL: http://www.un.org/esa/desa/papers/2006/wp20_2006.pdf
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    Bibliographic Info

    Paper provided by United Nations, Department of Economics and Social Affairs in its series Working Papers with number 20.

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    Length: 23 pages
    Date of creation: Mar 2006
    Date of revision:
    Handle: RePEc:une:wpaper:20

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    Related research

    Keywords: Economic growth; income distribution; world inequality; poverty; environment; climate change;

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    References

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    1. Ravallion, Martin & Shaohua Chen, 2001. "Measuring pro-poor growth," Policy Research Working Paper Series 2666, The World Bank.
    2. Stephan Klasen, 2005. "Economic Growth and Poverty Reduction: Measurement and Policy Issues," OECD Development Centre Working Papers 246, OECD Publishing.
    3. Wagstaff, Adam, 2003. "Child health on a dollar a day: some tentative cross-country comparisons," Social Science & Medicine, Elsevier, vol. 57(9), pages 1529-1538, November.
    4. Dollar, David & Kraay, Aart, 2001. "Growth is good for the poor," Policy Research Working Paper Series 2587, The World Bank.
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    Cited by:
    1. Isabel Ortiz, 2007. "Social Policy," Policy Notes 6, United Nations, Department of Economics and Social Affairs.

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