Economic Growth and Inequality
Author: STUART NAGEL
Published in IJED, Vol. 2 No. 2
In order to discuss anti-poverty policy, one needs to know whether the situation is getting better or worse, and why. That is a complicated question that this article attempts to answer. The answers depend on whether we are talking about (1) money or goods like health education and material possessions, (2) the U.S. measure of $5,000 per person per year or the UN measure $365, (3) countries or individuals, (4) a long or short-term perspective, (5) the well-being of poor people or the gap between the poor and the rich, (6) poor, medium, or rich countries, and (7) per capita income, percent who are poor, or more complicated indexes.