European Parliament Library

The Elusive Quest for Inclusive Growth :, Growth, Poverty, and Inequality in Asia, Ravi Balakrishnan, Chad Steinberg, Murtaza Syed

Label
The Elusive Quest for Inclusive Growth :, Growth, Poverty, and Inequality in Asia, Ravi Balakrishnan, Chad Steinberg, Murtaza Syed
Language
eng
Abstract
This paper assesses how pro-poor and inclusive Asia’s recent growth has been, and what factors have been driving these outcomes. It finds that while poverty has fallen across the region over the last two decades, inequality has increased, dampening the impact of growth on poverty reduction. As a result, relative to other emerging and developing regions and to Asia’s own past, the recent period of growth has been both less inclusive and less pro-poor. Our analysis suggests a number of policies that could help redress these trends and broaden the benefits of growth in Asia. These include fiscal policies to increase spending on health, education, and social safetynets; labor market reforms to boost the labor share of total income; and reforms to make financial systems more inclusive
Bibliography note
Includes bibliographical references
resource.governmentPublication
international or intergovernmental publication
Literary Form
non fiction
Main title
The Elusive Quest for Inclusive Growth :
Nature of contents
dictionaries
Responsibility statement
Ravi Balakrishnan, Chad Steinberg, Murtaza Syed
Series statement
IMF Working Papers
Sub title
Growth, Poverty, and Inequality in Asia
Table Of Contents
Cover; Contents; I. Introduction; II. How Does Asia Compare to Other Regions?; Tables; 1. Number of People Living on Less Than 1.25 per Day; Figures; 1. Stylized Facts: Asia's Growth Experience over the Last Decade; Boxes; 1. China and India: Why Does a Rising Tide Not Lift All Boats?; III. The Links Between Growth, Poverty and Inequality; A. What is Pro-Poor and Inclusive Growth?; 2. Selected Asia: Change in Poverty and Inequality during Global Crisis; B. How Pro-Poor is Growth?; 2. Pro-Poor Growth Regression; C. How Inclusive is Growth?; 3. Income Elasticity of Poverty Reduction4. Degree of Inclusiveness of Growth5. Degree of Inclusiveness of Growth; D. How Important is Growth for the Poor?; 3. Inclusive Growth Regression; IV. What Determines How Pro-Poor and Inclusive Growth is?; 4. Pro-Poor and Inclusive Growth Measures; 5. Structural Determinants of How Pro-Poor Growth Is; 6. Structural Determinants of How Inclusive Growth Is (Bottom Quintile); 7. Structural Determinants of How Inclusive Growth Is (Top Quintile); V. Policies to Foster Inclusive Growth; A. Fiscal Policy; 6. Fiscal Policy and Inclusiveness; B. Labor Market Reform7. Labor Market Institutions and Inclusiveness2. Insiders and Outsiders in Japan and Korea; 3. The Case for a Minimum Wage; 8. Theoretical Impact of a Minimum Wage; C. Financial Inclusion; 8. Financial Deepening; 4. Financial Development, Growth, and Inequality; 9. Selected Indicators of Financial Inclusion; D. Governance; VI. Conclusions; References
Content