qThat raising income levels alleviates poverty, and that economic growth can be more or less effective in doing so, is well known and has received renewed attention in the search for pro-poor growth. What is less well explored is the reverse channel: that poverty may, in fact, be part of the reason for a country's poor growth performance. This more elabborated view of the development process opens the door to the existence of vicious circles in which low growth results in high poverty and high poverty in turn results in low growth. Poverty Reduction and Growth is about the existence of these vicious circles in Latin America and the Caribbean about the ways and means to convert them into virtuous circles in which poverty reduction and high growth reinforce each other. Through its analysis of fresh data and the attention it pays to issues such as the persistent inequality in the region, the role played by various microdeterminants of income, and the potential existence of human capital underinvestment traps, this title should be a valuable contribution to the current regional debate on poverty and growth, a debate that is critical to the design of policies conducive to enhancing welfare in all is dimensions among the poor of Latin America and the Caribbean.qNBER Working Paper 11046, National Bureau of Economic Research, Cambridge, MA. Mirrlees, J. ... Journal of the Latin American and Caribbean Economic Association 2 (2): 219a62. Montenegro, C. ... CEPAL Review 71: 23a 40. Murphy, K., A. ... aA Theory of the Low-Level Equilibrium Trap in Underdeveloped Economies. ... aPublic Investment and Economic Growth in Latin America: An Empirical Test.
|Title||:||Poverty Reduction and Growth|
|Publisher||:||World Bank Publications - 2006-01-01|