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Globalization, growth, and poverty: the missing link

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  • Ibrahim F. Akoum

Abstract

Purpose - To review the literature on the relationship between growth, globalization, and poverty, and present empirical evidence on whether countries registering high growth rates do necessarily succeed in reducing the incidence of poverty. Design/methodology/approach - Notwithstanding data and methodological problems cited in the literature, this paper makes an effort to quantitatively examine the issue of statistical correlation between growth and poverty variables, through regressing the share of population in poverty on growth rates of countries for which data is available from World Bank surveys. Findings - The paper concludes that countries registering high growth rates do not necessarily succeed in reducing poverty, thereby, holding that a wide-ranging policy approach could be more effective in poverty reduction than the broad-based growth policy approach. Originality/value - The debate among academics and practitioners over the causal relationship between growth and poverty has not rendered any conclusive evidence that growth is a sufficient condition for reducing poverty, hence the difficulty facing policy makers on the most effective approach for poverty reduction. This paper is an attempt to contribute to this debate and assessing whether to embrace the broad-based growth or pro-poor growth policies.

Suggested Citation

  • Ibrahim F. Akoum, 2008. "Globalization, growth, and poverty: the missing link," International Journal of Social Economics, Emerald Group Publishing, vol. 35(4), pages 226-238, March.
  • Handle: RePEc:eme:ijsepp:v:35:y:2008:i:4:p:226-238
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    Citations

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    Cited by:

    1. Awaworyi Churchill, Sefa & Smyth, Russell, 2017. "Ethnic Diversity and Poverty," World Development, Elsevier, vol. 95(C), pages 285-302.
    2. Duarte Guimarães & Ana Paula Ribeiro & Sandra Tavares Silva, 2012. "Macroeconomic Fundamentals of Poverty and Deprivation: an empirical study for developed countries," FEP Working Papers 460, Universidade do Porto, Faculdade de Economia do Porto.
    3. repec:gam:jscscx:v:7:y:2018:i:7:p:118-:d:159505 is not listed on IDEAS
    4. Ieva Brence & Ināra Kantāne, 2012. "Workplaces With Stipend Programme And Its Impact On Poverty Risk Decrease: Case Of Latvia," Economic Annals, Faculty of Economics, University of Belgrade, vol. 57(192), pages 99-112, January –.

    More about this item

    Keywords

    Poverty; Globalization; Economic growth;

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