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Why growth matters : how economic growth in India reduced poverty and the lessons for other developing countries

Author: Jagdish N Bhagwati; Arvind Panagariya
Publisher: New York : PublicAffairs, [2013]
Edition/Format:   Print book : English : First editionView all editions and formats
Database:WorldCat
Summary:
The authors argue forcefully that only one strategy will help the poor to any significant effect: economic growth, led by markets overseen and encouraged by liberal state policies. Their radical message has huge consequences for economists, development NGOs and anti-poverty campaigners worldwide. There are vital lessons here not only for Southeast Asia, but for Africa, Eastern Europe, and anyone who cares that the  Read more...
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Document Type: Book
All Authors / Contributors: Jagdish N Bhagwati; Arvind Panagariya
ISBN: 9781610392716 161039271X 9781610393737 1610393732
OCLC Number: 815043829
Description: xxii, 280 pages ; 25 cm
Contents: Debunking the myths. Indian socialism and the myths of growth and poverty --
Myths about the early development strategy --
Reforms and their impact on growth and poverty --
Reforms and inequality --
Reforms and their impact on health and education --
Yet other myths --
The new challenges: Track I reforms for faster and broader growth. Track I and track II reforms --
A multitude of labor laws and their reform --
Land acquisition --
Infrastructure --
Higher education --
Other track I reforms --
More effective and inclusive redistribution: Track II. Track II reforms --
Attacking poverty by guaranteeing employment --
Adult nutrition and food security --
Reforming health care --
Elementary education --
India: Past and future --
Appendix 1: Socialism under Nehru --
Appendix 2: Measuring inequality: the Gini coefficient --
Appendix 3: Key provisions of the Right to Education Act, 2009 --
Appendix 4: Prime Ministers of India.
Responsibility: Jagdish Bhagwati, Arvind Panagariya.

Abstract:

The authors argue forcefully that only one strategy will help the poor to any significant effect: economic growth, led by markets overseen and encouraged by liberal state policies. Their radical message has huge consequences for economists, development NGOs and anti-poverty campaigners worldwide. There are vital lessons here not only for Southeast Asia, but for Africa, Eastern Europe, and anyone who cares that the effort to eradicate poverty is more than just good intentions. If you want it to work, you need growth. With all that implies.

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George A. Akerlof, Nobel Laureate in Economics, 2001 "Jagdish Bhagwati and Arvind Panagariya are two of the great intellectual lights behind one of the greatest miracles of economic history: the Read more...

 
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