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Inequality and the Fragility of Growth

In: Inequality and Growth: Patterns and Policy

Author

Listed:
  • Jonathan D. Ostry

    (International Monetary Fund)

  • François Bourguignon

    (Paris School of Economics)

Abstract
Over the long run, sustained growth is central to poverty reduction. The rapid growth seen in much of the world over the past few decades — notably, but not only, in China and India — has led to an unprecedented reduction in poverty. And, in general, increases in per capita income tend to translate into proportionate increases in income of the poor. As Dollar and Kraay (2002) memorably put it, “Growth Is Good for the Poor.” All the more reason, then, to place sustainability of growth at the center of any poverty reduction strategy.

Suggested Citation

  • Jonathan D. Ostry & François Bourguignon, 2016. "Inequality and the Fragility of Growth," International Economic Association Series, in: Kaushik Basu & Joseph E. Stiglitz (ed.), Inequality and Growth: Patterns and Policy, chapter 4, pages 136-162, Palgrave Macmillan.
    • Handle: RePEc:pal:intecp:978-1-137-55459-8_4
    DOI: 10.1057/9781137554598_4
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    Cited by:

    1. Marques, André M., 2022. "Is income inequality good or bad for growth? Further empirical evidence using data for all Brazilian cities," Structural Change and Economic Dynamics, Elsevier, vol. 62(C), pages 360-376.

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