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The Poverty-Growth-Inequality Triangle was originally introduced by Bourguignon in a paper presented at the Conference on Poverty, Inequality and Growth in Paris on November 13, 2003. A modified version of the paper was presented at the Indian Council for Research on International Economic Relations in New Delhi on February 4, 2004. [2]
The GEP ranges from slightly less than 1 for very unequal countries, to as high as 6 for very equal countries. This suggests that in poor countries that also have a very unequal distribution of income, economic reforms aimed at reducing inequality may be a prerequisite for pro-growth policies to make a substantial impact on poverty levels.
The economic growth rate is typically calculated as real Gross domestic product (GDP) growth rate, real GDP per capita growth rate or GNI per capita growth. The "rate" of economic growth refers to the geometric annual rate of growth in GDP or GDP per capita between the first and the last year over a period of time. This growth rate represents ...
LED in South Africa: pro-poor vs. pro-growth [ edit ] Many LED interventions in South Africa have taken a direct pro-poor intervention, leading to questions regarding whether this approach is more effective in terms of poverty relief than the spin-offs of more pro-growth focused endeavours.
Pro-poor growth; People centered development; Decent work [35] The International Labour Organization, which covers both issues of social security and labor protection, has been the United Nations agency responsible for setting norms and standards at work. Currently the ILO focuses, amongst others, on the following strategies:
Daphne Greenwood and Richard Holt distinguish economic development from economic growth on the basis that economic development is a "broadly based and sustainable increase in the overall standard of living for individuals within a community", and measures of growth such as per capita income do not necessarily correlate with improvements in ...
Some find that economic growth is more impactful at reducing poverty in well governed countries. [327] [328] [329] Others find that there is a direct effect of governance on poverty reduction. [330] [331] Research also finds that governance above a certain level contributes to poverty reduction.
"Sustained and equitable growth based on dynamic structural economic change is necessary for making substantial progress in reducing poverty. It also enables faster progress towards the other Millennium Development Goals. While economic growth is necessary, it is not sufficient for progress on reducing poverty." [46]