When growth does – and does not – reduce poverty
The document discusses the relationship between economic growth, private investment, and poverty reduction in developing countries, with a focus on rural and urban investments and social programs.
assets.bii.co.uk
World Bank note on the subject added that with the drop in global demand, the poor would lose the market for their agricultural products, their casual jobs on construction sites, and their jobs in factories. Government budgets for schools, health facilities, and relief programs would be cut under the simultaneous pressure of reduced tax receipts an
... See moreDuring the 180 years from 1820 to 2000, world output per person increased roughly eleven times, leading to an equally dramatic fall in the global rate of extreme poverty—from around 90 percent in 1820 to roughly 10 percent as of 2015.