Does economic growth automatically reduce poverty, Business Economics

Assignment Help:

Does economic growth automatically reduce poverty?

Growth implies more goods and services are obtainable to satisfy more wants and requirements. But the benefits of growth may flow to a few ruling elite. Shortly, the impact of growth depends onto how extensively and fairly income is distributed. Real growth is essential, but not adequate for poverty reduction

Many economists advocate the trickledown theory. There the initial benefits of growth go the wealthy, but ultimately trickle down to the poor for example rich families buy local produce and use servants, many more

Implications Government can intervene to decrease poverty by transfer payments and progressive taxation giving public and merit goods and services free/below cost. This expenditure may beyond the resources of Less Developed Country governments.


Related Discussions:- Does economic growth automatically reduce poverty

Black-scholes model, Choose one stock from the New  York stock market which...

Choose one stock from the New  York stock market which has calls and puts available. Extract  the price change for each 3 month period over the last 12 months. Find the current yie

Balance of payments, BALANCE OF PAYMENTS: The record of all transactio...

BALANCE OF PAYMENTS: The record of all transactions (trade and financial) of the residents of one country with the rest of the world is Balance of Payments (BoP). The directio

Compute the experience curve, Compute the experience curve: Chuck Rav...

Compute the experience curve: Chuck Raverty, General Manager of Carey Builders, a Baltimoreconstruction company is considering bidding for a construction contract on the new

The spillover effect, QUESTION 1 i) Use a simple human capital model to...

QUESTION 1 i) Use a simple human capital model to explain the rationale for undertaking higher education ii) Why do some people vary significantly in the amounts of human ca

Allocating resources, explain how inflation could reduce the efficiency wit...

explain how inflation could reduce the efficiency with which prices allocate resources.

Business cycle, Analyse the effect of contraction phase to the vulnerable s...

Analyse the effect of contraction phase to the vulnerable society

What are the restrictions of unbalanced growth, What are the restrictions o...

What are the restrictions of unbalanced growth? The restrictions of unbalanced growth: • Frequently governments go for high status, capital-intensive and high tech projects

What is employment and unemployment, What is Employment and Unemployment? ...

What is Employment and Unemployment? Employment and Unemployment: Employment: It is the number of people working within the economy. Unemployment: It is the nu

Calculate the equilibrium price and output for each firm, Problem 1: (i...

Problem 1: (i) Assuming a Cournot duopoly where the market demand is estimated as: P = 100 - Q The marginal cost is estimated to be constant at Rs. 10 for the two fir

Influence of warranty and political pressure in is project, Explain about t...

Explain about the influence of warranty and political pressure in IS project. Warranty: When a system is being developed under contract, this frequently carries a warranty

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd