Inequality is bad for the poor
2005
S2186 22 No.3677
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Title
Inequality is bad for the poor
Author
Imprint
Washington, DC (USA) IBRD 2005
Language
English
Description
50 p.
Call Number
S2186 22 No.3677
System Control No.
MON-037432
Summary
It has been argued that inequality should be of little concern in poor countries on the grounds that (1) absolute poverty in terms of consumption (or income) is the overriding issue in poor countries, and (2) the only thing that really matters to reducing absolute income poverty is the rate of economic growth. The author takes (1) as given but questions (2). He argues that there are a number of ways in which the extent of inequality in a society, and how it evolves over time, influences the extent of poverty today and the prospects for rapid poverty reduction in the future.
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