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Growth And Inequality In Pakistan

Author : Keith Griffin

The experience of the underdeveloped countries in the last two decades has shown that faster
growth does not inevitably lead to greater prosperity. It has often led instead to greater inequality,
and in some countries, e.g. Pakistan and India, it has actually led to an absolute decline in the
standard of living of the urban and rural poor. Contrary to what was expected, the beneficial effects of growth have not trickled down to the impoverished masses.

Accession No       : 31485

Language              : English

Number of pages :  300

Publishing year     :  1972

Publisher                : St. Martin’s Press

Additional information

Category: Tag: Product ID: 22968


The initial reaction of many economists to these facts was to claim they were not true, that the data were too few and insufficiently reliable. Later, when this objection became untenable, it was claimed that the distribution of income did not matter, that a concern with equity was a luxury poor countries could not afford. Growth remained supreme as an objective of economic policy. More recently, however, there has been a change of emphasis. Economists have begun to reconsider the bundle of policies which constitute a development strategy. The objective no longer is merely to accelerate the rate of growth of national product per head; the objective is to reduce poverty and inequality.




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