BookDOI
Distribution and Development: A New Look at the Developing World
Gary S. Fields
- Vol. 1
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TLDR
In this paper, the authors define and examine inequality, poverty, income mobility, and economic well-being using both theoretical and empirical approaches, and consider various policies for broad-based growth.Abstract:
Most of the world's people live in "developing" economies, as do most of the world's poor. The predominant means of economic development is economic growth. In this book Gary Fields asks to what extent and in what circumstances economic growth improves the material standard of living of a country's people. Most development economists agree that economic growth raises the incomes of people in all parts of the income distribution and lowers the poverty rate. At the same time, some groups lose out because of changes accompanying economic growth. Fields examines these beliefs, asking what variables should be measured to determine whether progress is being made and what policies and circumstances cause some countries to do better than others. He also shows how the same data can be interpreted to reach different, even conflicting, conclusions. Using both theoretical and empirical approaches, Fields defines and examines inequality, poverty, income mobility, and economic well-being. Finally, he considers various policies for broad-based growth.Copublished with the Russell Sage Foundation.read more
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Journal ArticleDOI
Measuring inequality with asset indicators
TL;DR: In this article, the authors examined whether, in the absence of information on household income or consumption, data on household infrastructure, building materials, and ownership of certain durable assets can be used to measure inequality in living standards.
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New Evidence on the Urbanization of Global Poverty
TL;DR: In this article, the authors provide new evidence on the extent to which absolute poverty has urbanized in the developing world, and the role that population urbanization has played in overall poverty reduction, finding that one-quarter of the world's consumption poor live in urban areas and that the proportion has been rising over time.
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The growth elasticity of poverty reduction : explaining heterogeneity across countries and time periods
TL;DR: This paper provided closed-form solutions under the assumption that the underlying distribution of income is Log-normal and analyzed the quality of these approximations in a sample of actual growth spells in developing countries.
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Culture and Public Action
Vijayendra Rao,Michael Walton +1 more
TL;DR: In this paper, the authors argue that culture is central to development, and that cultural processes are neither inherently good nor bad and never static; rather, they are contested and evolving, and can be a source of profound social and economic transformation through their influence on aspirations and collective action.
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The Poverty-growth-inequality triangle
TL;DR: This paper presented a modified version of a paper of the same title originally presented in Paris on November 13, 2003 at the Conference on Poverty, Inequality and Growth, sponsored by the Agence Francaise de Developpement and the EU Development Network.