There is a global consensus that world economy need not only grow faster,but also grow in a way that the poor receive a greater share of the benefits of that growth.It is well documented that income inequality is on t...There is a global consensus that world economy need not only grow faster,but also grow in a way that the poor receive a greater share of the benefits of that growth.It is well documented that income inequality is on the rise,with the richest 10%earning up to 40%of total global income.The poorest 10%earn only between 2%and 7%of total global income.After long time of neglect,inequality has re-entered the mainstream development policy agenda at both national and global levels indicating that relevant policies should be universal in principle paying attention to the needs of disadvantaged and marginalized populations.As highlighted in almost all SDG’s documents,income inequality is a global problem that requires global solutions.This involves improving the regulation and monitoring of financial markets and institutions,encouraging development assistance and foreign direct investment to regions where the need is greatest.Facilitating the safe migration and mobility of people is also key to bridging the widening divide.SDG 10 encompasses 10 targets with the objective of promoting social,economic,and political inclusion of all,irrespective of age,sex,disability,race,ethnicity,origin,religion,or economic or other status.Achieving SDG 10 reaffirms that the 2030 development agenda will focus not only on eradicating poverty but also on tackling inequalities in all its forms through adopting sound policies to empower the bottom percentile of income earners,and promote economic inclusion of all regardless of sex,race,or ethnicity.This paper analyses the resent status of income inequality and its relationship with economic growth and poverty in selected developing countries.The paper highlights that there is a triangular relationship between income distribution,poverty and economic growth;while accelerated economic growth is a primary factor in reducing poverty,inequalities can constrain poverty reduction significantly.展开更多
China has achieved remarkable accomplishments in poverty reduction in the 30 years since it launched its reform and opening-up policy.During this period,more than 500 million people who once lived on less than US$1 a ...China has achieved remarkable accomplishments in poverty reduction in the 30 years since it launched its reform and opening-up policy.During this period,more than 500 million people who once lived on less than US$1 a day have risen out of poverty,including 240 million people out of extreme poverty.China’s massive poverty reduction campaign has contributed enormously to realizing the global poverty reduction objectives and the UN Millennium Development Goals.Massive poverty reduction is primarily driven by economic growth,especially by sustained agricultural and rural economic growth.The single largest challenge facing China’s future poverty reduction is the decreasing effect of economic growth on poverty reduction due to widening inequality.In addition,targeting inaccuracy of government poverty reduction investments has reduced its effectiveness.China needs to adjust its economic growth pattern and realize economic growth in a way more favorable to the poor.Meanwhile, China needs to change the method of implementing its poverty reduction project so as to benefit more poor people.展开更多
文摘There is a global consensus that world economy need not only grow faster,but also grow in a way that the poor receive a greater share of the benefits of that growth.It is well documented that income inequality is on the rise,with the richest 10%earning up to 40%of total global income.The poorest 10%earn only between 2%and 7%of total global income.After long time of neglect,inequality has re-entered the mainstream development policy agenda at both national and global levels indicating that relevant policies should be universal in principle paying attention to the needs of disadvantaged and marginalized populations.As highlighted in almost all SDG’s documents,income inequality is a global problem that requires global solutions.This involves improving the regulation and monitoring of financial markets and institutions,encouraging development assistance and foreign direct investment to regions where the need is greatest.Facilitating the safe migration and mobility of people is also key to bridging the widening divide.SDG 10 encompasses 10 targets with the objective of promoting social,economic,and political inclusion of all,irrespective of age,sex,disability,race,ethnicity,origin,religion,or economic or other status.Achieving SDG 10 reaffirms that the 2030 development agenda will focus not only on eradicating poverty but also on tackling inequalities in all its forms through adopting sound policies to empower the bottom percentile of income earners,and promote economic inclusion of all regardless of sex,race,or ethnicity.This paper analyses the resent status of income inequality and its relationship with economic growth and poverty in selected developing countries.The paper highlights that there is a triangular relationship between income distribution,poverty and economic growth;while accelerated economic growth is a primary factor in reducing poverty,inequalities can constrain poverty reduction significantly.
文摘China has achieved remarkable accomplishments in poverty reduction in the 30 years since it launched its reform and opening-up policy.During this period,more than 500 million people who once lived on less than US$1 a day have risen out of poverty,including 240 million people out of extreme poverty.China’s massive poverty reduction campaign has contributed enormously to realizing the global poverty reduction objectives and the UN Millennium Development Goals.Massive poverty reduction is primarily driven by economic growth,especially by sustained agricultural and rural economic growth.The single largest challenge facing China’s future poverty reduction is the decreasing effect of economic growth on poverty reduction due to widening inequality.In addition,targeting inaccuracy of government poverty reduction investments has reduced its effectiveness.China needs to adjust its economic growth pattern and realize economic growth in a way more favorable to the poor.Meanwhile, China needs to change the method of implementing its poverty reduction project so as to benefit more poor people.
