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Inequality,Poverty and Hunger in Developing Countries: Sustainability Implications

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  • Nwaobi, Godwin

Abstract

For several decades, the international community has aspired to integrate the social, economic and environmental dimensions of sustainability. Yet, no country has achieved the patterns of consumption and production that could sustain global prosperity in the coming decades. Thus, with the increasing pace at which domestic markets are becoming integrated into the global economy, the debate on income disparities around the world has intensified. For the African, Caribbean and Pacific regions, it has become clear that it is not enough to help the poor and vulnerable survive short-term shocks. Particularly important, will be the ability of these economies to create new value-added products, processes and business models through innovation. In other words, competitiveness is a necessary but not sufficient condition for continued prosperity. Hence, the need for adjusted social and environmental sustainability measures of growth in these economies. Using Global Income Distribution Dynamics Model (GIDD) and Global General Equilibrium Model (LINKAGE), the paper predicts a reduction in regional income inequality by 2030. However, the potential reduction can be fully accounted for by the projected convergence in average income across countries. Consequently, the paper recommends the need to build the resilience of vulnerable populations of the African, Caribbean and Pacific (ACP) countries for the purposes of stability and Godliness.

Suggested Citation

  • Nwaobi, Godwin, 2014. "Inequality,Poverty and Hunger in Developing Countries: Sustainability Implications," MPRA Paper 53962, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:53962
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    File URL: https://mpra.ub.uni-muenchen.de/53962/1/MPRA_paper_53962.pdf
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    References listed on IDEAS

    as
    1. Maurizio Bussolo & Rafael E De Hoyos & Denis Medvedev, 2010. "Economic growth and income distribution: linking macro-economic models with household survey data at the global level," International Journal of Microsimulation, International Microsimulation Association, vol. 3(1), pages 92-103.
    2. Robert J. Barro & Xavier Sala-i-Martin, 2003. "Economic Growth, 2nd Edition," MIT Press Books, The MIT Press, edition 2, volume 1, number 0262025531, January.
    3. Atkinson, Anthony B., 1970. "On the measurement of inequality," Journal of Economic Theory, Elsevier, vol. 2(3), pages 244-263, September.
    4. Demombynes, Gabriel & Trommlerova, Sofia Karina, 2012. "What has driven the decline of infant mortality in Kenya ?," Policy Research Working Paper Series 6057, The World Bank.
    5. Robert J. Barro & Rachel McCleary, 2003. "Religion and Economic Growth," NBER Working Papers 9682, National Bureau of Economic Research, Inc.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    poverty; inequality; hunger; sustainability; African; Caribbean; Pacific; Oceania; Gidd model; Linkage model; resilience; competitiveness; environment; innovation; factor driven; efficiency driven; growth pillars; productivity; prosperity; Godliness; development; cge model;

    JEL classification:

    • D50 - Microeconomics - - General Equilibrium and Disequilibrium - - - General
    • D58 - Microeconomics - - General Equilibrium and Disequilibrium - - - Computable and Other Applied General Equilibrium Models
    • D6 - Microeconomics - - Welfare Economics
    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
    • E20 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - General (includes Measurement and Data)
    • F0 - International Economics - - General
    • F4 - International Economics - - Macroeconomic Aspects of International Trade and Finance
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
    • L1 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance
    • L5 - Industrial Organization - - Regulation and Industrial Policy
    • L50 - Industrial Organization - - Regulation and Industrial Policy - - - General
    • M20 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - General
    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • O2 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy
    • Q0 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General
    • Q50 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - General

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