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When Growth Is Not Enough

Author: Francisco Galrao Carneiro

Publisher: World Bank Publications

Published: 2017-05-31

Total Pages: 185

ISBN-13: 1464810370

The Dominican Republic stands out as a fast growing economy that has not been able to generate a commensurate reduction in poverty. Three reasons have been raised before to explain this conundrum: (i) a labor market that does not translate productivity gains into salary increases; (ii) a domestic economy with weak inter-sectoral linkages; (iii) and a public sector that does not spend enough nor particularly well to reduce poverty. In addition, the country remains largely exposed to natural disasters and exogenous shocks that, if not mitigated properly, may affect the sustainability of growth in the medium and longer terms. This book assembles a collection of empirical analyses that explore three complementary hypotheses that could help understand why the Dominican Republic continues, to this date, experiencing high economic growth rates with limited poverty reduction. The first hypothesis is concerned with testing whether the observed pattern of fast economic growth cum persistent poverty in the DR is partly driven by a poverty methodology that does not account for price variation that affects distinctly the consumption patterns of low-income and better-off households. If that hypothesis holds, the DR may face a situation in which household income for households at the bottom of the distribution is underestimated. The second hypothesis tests whether the pattern of specialization in the DR might be such that it does not favor unskilled labor. If that hypothesis holds, then returns to capital are probably much higher than returns to labor which would be an indication that the DR has had a comparative advantage in products that are capital intensive instead of labor-intensive. The third hypothesis investigates whether poverty and wage inequality in the DR are affected not only by immigration but also by emigration. The contribution of the volume, therefore, lies in precisely offering a more careful exploration of specific issues around common explanations for the shortcomings of the DR in reducing poverty on a faster basis.

Prosperity without Growth

Author: Tim Jackson

Publisher: Taylor & Francis

Published: 2016-12-08

Total Pages: 351

ISBN-13: 1317388224

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What can prosperity possibly mean in a world of environmental and social limits? The publication of Prosperity without Growth was a landmark in the sustainability debate. Tim Jackson’s piercing challenge to conventional economics openly questioned the most highly prized goal of politicians and economists alike: the continued pursuit of exponential economic growth. Its findings provoked controversy, inspired debate and led to a new wave of research building on its arguments and conclusions. This substantially revised and re-written edition updates those arguments and considerably expands upon them. Jackson demonstrates that building a ‘post-growth’ economy is a precise, definable and meaningful task. Starting from clear first principles, he sets out the dimensions of that task: the nature of enterprise; the quality of our working lives; the structure of investment; and the role of the money supply. He shows how the economy of tomorrow may be transformed in ways that protect employment, facilitate social investment, reduce inequality and deliver both ecological and financial stability. Seven years after it was first published, Prosperity without Growth is no longer a radical narrative whispered by a marginal fringe, but an essential vision of social progress in a post-crisis world. Fulfilling that vision is simply the most urgent task of our times.

Growth Is Not Enough: Why the Recovery of the 1980's Did So Little To Reduce Poverty

Author: Rebecca M. Blank

Publisher:

Published: 1991

Total Pages: 8

ISBN-13:

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Is 'More' Enough?

Author: Liam Wren-Lewis

Publisher:

Published: 2015

Total Pages: 21

ISBN-13:

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The relationship between economic growth and human development is complex, and even the relatively simple links between economic growth and people not having sufficient money for basic essentials such as food and medicines (known as income poverty) are not well understood. Increasingly urgent environmental considerations militate against the pursuit of unconstrained growth, while at the same time making more pressing the need to ensure that growth deliversreductions in income poverty.The impact on poverty partly hinges on whether or not economic growth is likely to reduce or exacerbate income inequality, making it a more or a less powerful instrument against poverty. It has been suggested that if growth generally reduces or does not affect inequality, then policymakers can simply pursue growth as a development strategy - in other words, pursuing 'more' could be enough.Advances in econometric technique have brought new results and new interpretations for policymakers, but this critical review suggests that there are no clear results that can be relied upon. Instead, our own analysis leads us to conclude that there is much variation in the relationship between income and inequality - inequality may either fall or rise as a result of growth. Moreover, we find that other aspects of development, such as health and education, may be more important than levels of income in determining the effect of growth on inequality and should therefore be given more attention by policymakers.At a minimum, these findings imply that policy recommendations concerning growth need to be based on careful analysis of country-specific development indicators. Seeking to maximise growth is unlikely to be appropriate development policy unless fairly specific conditions and policies are in place - and there is much more to understand about how these factors will change the impact ofgrowth on inequality. Future research should aim to identify the preconditions and complementary policies necessary for growth to be of more benefit in reducing income poverty.

When Growth Is Not Enough

Author: Francisco Galrao Carneiro

Publisher: Directions in Development

Published: 2017

Total Pages: 0

ISBN-13: 9781464810367

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This book assembles a collection of empirical analyses that explore three complementary hypotheses that could help understand why the Dominican Republic continues, to this date, experiencing high economic growth rates with limited poverty reduction.

Why Growth Matters

Author: Jagdish Bhagwati

Publisher: PublicAffairs

Published: 2013-04-09

Total Pages: 255

ISBN-13: 1610392728

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In its history since Independence, India has seen widely different economic experiments: from Jawharlal Nehru's pragmatism to the rigid state socialism of Indira Gandhi to the brisk liberalization of the 1990s. So which strategy best addresses India's, and by extension the world's, greatest moral challenge: lifting a great number of extremely poor people out of poverty? Bhagwati and Panagariya argue forcefully that only one strategy will help the poor to any significant effect: economic growth, led by markets overseen and encouraged by liberal state policies. Their radical message has huge consequences for economists, development NGOs and anti-poverty campaigners worldwide. There are vital lessons here not only for Southeast Asia, but for Africa, Eastern Europe, and anyone who cares that the effort to eradicate poverty is more than just good intentions. If you want it to work, you need growth. With all that implies.

Globalization and Poverty

Author: Ann Harrison

Publisher: University of Chicago Press

Published: 2007-11-01

Total Pages: 675

ISBN-13: 0226318001

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Over the past two decades, the percentage of the world’s population living on less than a dollar a day has been cut in half. How much of that improvement is because of—or in spite of—globalization? While anti-globalization activists mount loud critiques and the media report breathlessly on globalization’s perils and promises, economists have largely remained silent, in part because of an entrenched institutional divide between those who study poverty and those who study trade and finance. Globalization and Poverty bridges that gap, bringing together experts on both international trade and poverty to provide a detailed view of the effects of globalization on the poor in developing nations, answering such questions as: Do lower import tariffs improve the lives of the poor? Has increased financial integration led to more or less poverty? How have the poor fared during various currency crises? Does food aid hurt or help the poor? Poverty, the contributors show here, has been used as a popular and convenient catchphrase by parties on both sides of the globalization debate to further their respective arguments. Globalization and Poverty provides the more nuanced understanding necessary to move that debate beyond the slogans.

The New Global Economy and Developing Countries

Author: Dani Rodrik

Publisher:

Published: 1999-02-15

Total Pages: 184

ISBN-13:

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The new book that's sparked discussion both in Washington and European financial capitals Policy makers in the developing world are grappling with new dilemmas created by openness to trade and capital flows. What role, if any, remains for the state in promoting industrialization? Does openness worsen inequality, and if so, what can be done about it? What is the best way to handle turbulence from the world economy, especially the fickleness of international capital flows? In The New Global Economy and Developing Countries Dani Rodrik argues that successful integration into the world economy requires a complementary set of policies and institutions at home. Policy makers must reinforce their external strategy of liberalization with an internal strategy that gives the state substantial responsibility in building physical and human capital and mediating social conflicts.

When Green Growth Is Not Enough

Author: Anders Hayden

Publisher: McGill-Queen's Press - MQUP

Published: 2014-11-01

Total Pages: 612

ISBN-13: 077359633X

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Is the pursuit of endless economic growth compatible with the deep reductions in greenhouse gas emissions required to avoid the worst extremes of climate change? In When Green Growth Is Not Enough, Anders Hayden analyzes the political battle between three competing approaches to this question and how it has played out in Canada and Britain. Defenders of the "business-as-usual" approach reject climate action as too costly and in conflict with economic growth, while downplaying the severity of climate change. Supporters of ecological modernization, or "green growth," on the other hand, aim to use technology and efficiency to delink economic expansion from emissions and find business opportunities through environmental action. While mainstream debate has focused on these two pro-growth models, Hayden pays particular attention to the struggles and limited inroads of a third, more radical perspective: the idea of sufficiency, which challenges the continued growth of production and consumption in the already-affluent global North and asks, how much is enough? Drawing on interviews, participation in climate-related events, and analysis of key documents, Hayden shows the role these paradigms have played in Britain, one of the world’s leaders in climate reform, and in Canada, a nation at the bottom of international climate change rankings. Rich in detail, When Green Growth Is Not Enough is a lively account of the theory and real-world politics of climate action.

Not Enough

Author: Samuel Moyn

Publisher: Harvard University Press

Published: 2018-04-10

Total Pages: 276

ISBN-13: 067498482X

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The age of human rights has been kindest to the rich. Even as state violations of political rights garnered unprecedented attention due to human rights campaigns, a commitment to material equality disappeared. In its place, market fundamentalism has emerged as the dominant force in national and global economies. In this provocative book, Samuel Moyn analyzes how and why we chose to make human rights our highest ideals while simultaneously neglecting the demands of a broader social and economic justice. In a pioneering history of rights stretching back to the Bible, Not Enough charts how twentieth-century welfare states, concerned about both abject poverty and soaring wealth, resolved to fulfill their citizens’ most basic needs without forgetting to contain how much the rich could tower over the rest. In the wake of two world wars and the collapse of empires, new states tried to take welfare beyond its original European and American homelands and went so far as to challenge inequality on a global scale. But their plans were foiled as a neoliberal faith in markets triumphed instead. Moyn places the career of the human rights movement in relation to this disturbing shift from the egalitarian politics of yesterday to the neoliberal globalization of today. Exploring why the rise of human rights has occurred alongside enduring and exploding inequality, and why activists came to seek remedies for indigence without challenging wealth, Not Enough calls for more ambitious ideals and movements to achieve a humane and equitable world.