European University Institute Library

Immiserizing growth, when growth fails the poor, Paul Shaffer, Ravi Kanbur, and Richard Sandbrook

eng

Includes bibliographical references and index

illustrations

index present

non fiction

Immiserizing growth

electronic resource

bibliographydictionaries

1078421494

Paul Shaffer, Ravi Kanbur, and Richard Sandbrook

Oxford scholarship online.

when growth fails the poor

Immiserising growth occurs when growth fails to benefit, or harms, those at the bottom. It is not a new concept, appearing in some of the towering figures of the classical tradition of political economy including Malthus, Ricardo, and Marx. It is also not empirically insignificant, occurring in between 10% and 35% of cases. In spite of this, it has not received its due attention in the academic literature, dominated by the prevailing narrative that 'growth is good for the poor'. This text challenges this view to arrive at a better understanding of when, why, and how growth fails the poor. Taking a diverse disciplinary perspective, it combines discussion of mechanisms of this troubling economic phenomenon with empirical data on trends in growth, poverty, and related welfare indicators.--, Provided by publisher

specialized