Chapter 10. Inequality and Unsustainable Growth: Two Sides of the Same Coin?
Author:
Mr. Andrew Berg
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Language:
English
Print Publication Date:
24 Oct 2012
Keywords:
BOOK; price; government; commodity; natural resource; price shock; exchange rate; income distribution; price volatility; Natural resources; Income inequality; Oil; Food prices; Consumption; Global; Sub-Saharan Africa; Africa; Asia and Pacific; Middle East; downbreak nexus; growth spell; FDI inflow; policy implication; a number of country; Income; Foreign direct investment; Poverty reduction strategy

Abstract

In the long term, sustained growth is central to poverty reduction. The rapid growth seen in much of the world over the past few decades—notably, but not only, in China and India—has led to an unprecedented reduction in poverty. And in general, increases in per capita income tend to translate into proportionate increases in income of the poor. As Dollar and Kraay (2002) memorably put it, “Growth is Good for the Poor.” This is all the more reason, then, to place sustain-ability of growth at the center of any poverty reduction strategy.

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Cover Commodity Price Volatility and Inclusive Growth in Low-Income Countries
Commodity Price Volatility and Inclusive Growth in Low-Income Countries
ISBN:
9781616353797
Publication Date:
24 Oct 2012
Publisher:
International Monetary Fund
DOI:
https://doi.org/10.5089/9781616353797.071
Pages:
408
Front Matter
Chapter 1. Introduction
Part I. Commodity Price Volatility: Challenges
Part II. Macroeconomic Policy Options for Low-Income Countries
Part III. Inclusive Growth Policies in Low-Income Countries
Part IV. Regional and Country Experiences with Inclusive Growth and Commodity Price Volatility
Part V. What Can the International Community Do?
Back Matter