Catalogue


Poverty reduction and growth [electronic resource] : virtuous and vicious circles /
Guillermo E. Perry ... [et al.].
imprint
Washington, DC : World Bank, c2006.
description
xv, 221 p.
ISBN
0821365118
format(s)
Book
More Details
added author
added author
imprint
Washington, DC : World Bank, c2006.
isbn
0821365118
restrictions
Licensed for access by U. of T. users.
catalogue key
9392980
 
Includes bibliographical references (p. ) and index.
A Look Inside
Reviews
This item was reviewed in:
Reference & Research Book News, May 2006
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Summaries
Main Description
Though growth is key for poverty reduction, poverty itself is hampering the achievement of high and sustained growth rates in Latin America, which remains one of the most unequal regions in the world with close to a fourth of the population living on less than US$2.00 a day. While China experienced annual per capita growth of about 8.5 percent between 1981 and 2000, reducing poverty by 42 percentage points, Latin America's per capita GDP declined by 0.7 percent during the 1980s and increased by about 1.5 percent per year in the 1990s, with no significant changes in poverty levels. The study notes that a pro-growth-poverty reduction strategy should aim to improve the quality of education, expand coverage at secondary and tertiary levels, and boost investment in infrastructure to benefit laggard regions and increase the access of the poor to public services. In addition, such a strategy needs to extend access to credit and financial services, preserve macro-economic stability, and implement effective social policies, such as conditional cash-transfer programs that provide cash to poor families as long as they keep their children in school and take them to the doctor. Some examples are Bolsa Familia in Brazil, Oportunidades in Mexico, and Familias en Accion in Colombia. The report notes that targeted poverty reduction strategies are particularly important to complement pro-growth policies like trade liberalization, which although essential for long-term growth and poverty reduction, can also have short-term negative effects on poverty and inequality
Bowker Data Service Summary
This report highlights the existence of 'vicious circles' in Latin America and how to convert them into 'virtuous circles', in which poverty reduction and high growth reinforce each other.
Long Description
That 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.
Main Description
That 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 elaborated 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.
Long Description
That raising income levels alleviates poverty, and that 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 elaborated 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. This report is about the existence of these vicious circles in Latin America and about the alternatives to convert them into virtuous circles in which poverty reduction and high growth reinforce each other.
Table of Contents
From vicious to virtuous circlesp. 1
Dimensions of well-being, channels to growthp. 21
How did we get here?p. 45
The relative roles of growth and inequality for poverty reductionp. 57
Pro-poor growth in Latin Americap. 75
Does poverty matter for growth?p. 103
Subnational dimensions of growth and povertyp. 129
Microdeterminants of incomes : labor markets, poverty, and traps?p. 145
Breaking the cycle of underinvestment in human capital in Latin Americap. 165
Table of Contents provided by Blackwell. All Rights Reserved.

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