INCLUSIVE GROWTH AND THE FREEDOM OF THE POOR

2016 ◽  
Vol 13 (2) ◽  
pp. 110-128
Author(s):  
William Amone

This article provides a discussion of economic growth and development, including new perceptions that have arisen. It covers the trending issues of inclusive growth, global poverty and the miraculous economic growth of the East Asian economies. The article identifies the major determinants of economic growth and the key objectives of economic development. It also acknowledges the fact that inclusive and sustainable economic growth is crucial for long-term poverty reduction, and that for growth to be effective in reducing poverty it must be broad-based, targeting the poor or those formerly bypassed by development. Although most regions of the world are achieving rapid economic growth, poverty, unemployment and food shortages seem to be persisting. Inequality and social exclusion are even rising in many countries. Women remain most affected globally in all forms of afflictions. Despite the global advocacy for inclusive growth by the World Bank, IMF, WTO , WHO and OECD, many developing countries are yet to appreciate the concept and to achieve holistic sustainable growth that benefits all people. Asia seems to have witnessed more stable and inclusive growth than other developing regions in the past four decades.

2021 ◽  
Vol 1 (3) ◽  
pp. 110-114
Author(s):  
Sri Rahayu Budi Hastuti ◽  
Didit Welly Udjianto

Poverty reduction is a significant concern of all governments in the world, including in Southeast Asia. The research objective is to analyze the determinant of poverty in eight countries of ASEAN using panel data analysis, with an analysis period of 2015-2019. The results show that economic openness and inflation variables can influence the poverty level in eight ASEAN countries. In contrast, the financial sector and economic growth variables do not affect the poverty level. The implication of the results of this study is that the financial sector only facilitates the upper-middle class, and the economic growth has not been inclusive to the poor.


Author(s):  
Daria M. Cherepanova ◽  
◽  
Irina V. Filimonova ◽  

The paper discusses the problem of resource dependence in countries with high hydrocarbon production, export of resource. The aim of the study is to assess the impact of resource dependence factors and sustainable growth factors on economic growth of 41 countries, which are net oil and gas exporters, for the period 1990–2018 based on the analysis of panel data. Countries are classified by macro–regions, levels of economic development and democracy. The consequences in terms of sustainable economic growth were analyzed.


2017 ◽  
Vol 40 (1-4) ◽  
pp. 44-52
Author(s):  
Sukanta Sarkar

Economic growth and development are in the forefront of international relations and policy making. Developed countries such as the United States and international organizations such as the World Bank and the International Monetary Fund provide assistance that attempts to help the economic growth of developing countries. Foreign aid has been recognized as the most crucial factor in enhancing economic development in many countries. Foreign aid is crucial factor to achieve higher and sustainable economic growth and development of Nepal. However, aid must be linked with sustainable growth and poverty reduction. The objectives of the paper are to study the importance, trends and government initiatives of foreign aids in Nepal.


2021 ◽  
Author(s):  
Muralidharan Loganathan

Sustainable Development Goal 8 to “Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all” necessitates country level measures across the world. We take forward a comparative analysis of India’s SDG 8 indicator list with both the UN and ILO measurements. We note inadequate measurements on social-protection and rights for non-standard forms of employment including gig work, that are intermediated by ICT platforms. From our analysis we identify some levers to broaden the current indicator measurements to include these non-standard workers as well, to improve social sustainability.


Author(s):  
Jock R. Anderson ◽  
Regina Birner ◽  
Latha Najarajan ◽  
Anwar Naseem ◽  
Carl E. Pray

Abstract Private agricultural research and development can foster the growth of agricultural productivity in the diverse farming systems of the developing world comparable to the public sector. We examine the extent to which technologies developed by private entities reach smallholder and resource-poor farmers, and the impact they have on poverty reduction. We critically review cases of successfully deployed improved agricultural technologies delivered by the private sector in both large and small developing countries for instructive lessons for policy makers around the world.


Author(s):  
E.B. LENCHUK ◽  

The article deals with the modern processes of changing the technological basis of the world economy on the basis of large-scale transition to the use of technologies of the fourth industrial revolution, shaping new markets and opens up prospects for sustainable economic growth. It is in the scientific and technological sphere that the competition between countries is shifting. Russia remains nearly invisible player in this field. The author tried to consider the main reasons for such a lag and identify a set of measures of state scientific and technological policy that can give the necessary impetus to the scientific and technological development of Russia.


2017 ◽  
Vol II (1) ◽  
pp. 44-56
Author(s):  
Haseeb Ur Rehman Warrich ◽  
Muhammad Rehman ◽  
Sahrish Jamil

No other element impacted the historical conditions of the preceding 100 years to such an extent as the war to secure and control the world's reserves of petroleum. Sustainable economic growth after 1873, that discouraged British Empire, arose mechanical economies in Europe. Central Asia remained the object of rivalries and machination by the giant countries of the Europe. World Domination Games started from Pillage Games that lead towards many “Games” such as Great Game, New Great Game, Game Changer and New Game Changer. All prefect countries desire to have a control over the world for the last two centuries. Their efforts turn into numerous clashes and clashes led towards wars. In the twentieth century wars transformed not only their names but also their genetics that has profound impact on the 21st Century. This laid foundation of the emerging new superpowers in every century.


2003 ◽  
Vol 42 (4I) ◽  
pp. 417-444 ◽  
Author(s):  
Nanak Kakwani ◽  
Hyun H. Son

This paper looks into the interrelation between economic growth, inequality, and poverty. Using the notion of pro-poor growth, we examine the extent to which the poor benefit from economic growth. First, various approaches to defining and measuring propoor growth are scrutinised using a variety of criteria. It is argued that the satisfaction of a monotonicity axiom is a key criterion for measuring pro-poor growth. The monotonicity axiom sets out a condition that the proportional reduction in poverty is a monotonically increasing function of the pro-poor growth measure. The paper proposes a pro-poor growth measure that satisfies the monotonicity criterion. This measure is called a ‘poverty equivalent growth rate’, which takes into account both the magnitude of growth and how the benefits of growth are distributed to the poor and the non-poor. As the new measure satisfies the criterion of monotonicity, it is indicative that to achieve rapid poverty reduction, the poverty equivalent growth rate—rather than the actual growth rate—ought to be maximised. The methodology developed in the paper is then applied to three Asian countries, namely, the Republic of Korea, Thailand, and Vietnam.


2018 ◽  
Vol 2 (2) ◽  
pp. 85-112
Author(s):  
Sholihah Amalina Dyah Hapsari ◽  
Manuntun Parulian Hutagaol ◽  
Alla Asmara

The growth of the middle class in Indonesia that occurred during the last ten years allegedly raised by the economic growth that is likely to increase in the same period. An economic theory which states that inclusive growth is growth that is able to bring the middle class makes economists focus on inclusive growth and the middle class itself. But in fact, the middle class in Indonesia is dominated by the lower middle class whose features are similar to the poor. These issues indicate a gap in the economy. In addition, to talk about the gap, there is no doubt that this issue has long been a discussion in Indonesia, especially the gap between western Indonesia and eastern Indonesia. Therefore this study was conducted to analyze whether it is true that inclusive growth has occurred in Indonesia and how the phenomena that occur in the western part of Indonesia and eastern Indonesia. Based on the data from 33 provinces in Indonesia over a period of 5 years, ie from 2008 to 2012, this study of the Measured inclusive growth by adopting the concept formulated by Klasen (2010) on-Poverty Equivalent Growth Rate (PEGR). This study of the processing of data performed using Excel and SPSS software. The results found that economic growth in Indonesia in 20082012 has not been inclusive in reducing poverty, lowering inequality and increase employment. The results also show that inclusive growth is not a consistent phenomenon in Indonesia. The phenomenon of inclusive growth in reducing poverty, lowering inequality, and increasing employment are more prevalent in Western Indonesia (IBB).  Key words : inclusive, growth, middle class, panel data, excel   


Author(s):  
Thomas Borstelmann

This chapter tracks the economy of the 1970s as it began to decline after the prosperity of previous decades. Economic growth had defined human history for two hundred years, reaching a peak in the generation after 1945 when world economic growth averaged an extraordinary 5–7 percent per year. Americans rode that growth to a higher standard of living than anyone else. But in the 1970s it all seemed to be flowing away. Unemployment, oil shortages, a plunging stock market, recession, and, above all, inflation were apparently ending these golden years of unparalleled prosperity. Inflation hit everyone, and it hit the poor hardest of all. Persistent inflation undercut dreams and hopes for the future. The economic trauma of the 1970s threatened to destabilize Americans' understanding of how the world worked.


Sign in / Sign up

Export Citation Format

Share Document