Changes in Poverty and Inequality in Developing Countries
Fields, Gary S.
This paper presents new data on poverty, inequality, and growth in those developing countries of the world for which the requisite statistics are available. Economic growth is found generally but not always to reduce poverty. Growth, however, is found to have very little to do with income inequality. Thus the "economic laws" linking the rate of growth and the distribution of benefits receive only very tenuous empirical support here.
poverty; inequality; development; economic growth
Required Publisher Statement: © Oxford University Press. Final version published as: Fields, G. S. (1989). Changes in poverty and inequality in developing countries. World Bank Research Observer, 4(2), 167-185. doi: 10.1093/wbro/4.2.167 Reprinted with permission. All rights reserved.