Economic growth is important to reduce poverty even though its effect are varies across countries and over times. Two factors that can affect it are the initial level of inequality and the change in inequality; if a country has high inequality, poverty reduces slowly rather than a country which has low inequality given the same growth rate; on the other hands, economic growth may be related by an increase or decrease in inequality, in which case, changes in inequality play an important role in explaining the interrelation between growth and poverty. Low inequality may expose them to the costs...
Economic growth is important to reduce poverty even though its effect are varies across countries and over times. Two factors that can affect it are t...