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Economic Growth And Income Disparity In Bric
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Book Synopsis Economic Growth And Income Disparity In Bric: Theory And Empirical Evidence by : Monica Das
Download or read book Economic Growth And Income Disparity In Bric: Theory And Empirical Evidence written by Monica Das and published by World Scientific. This book was released on 2013-09-23 with total page 166 pages. Available in PDF, EPUB and Kindle. Book excerpt: The recent interest in the development processes of BRIC countries (Brazil, Russia, India and China) has been triggered by their high growth performance, but their political and social backgrounds are entirely different. This book traces the economic history of BRIC countries to understand their economic and social institutions. The only common theme in this growth story is the high levels of income disparities and poverty that are observed even during the high growth decades. In order to understand the interaction between economic growth, income inequality and poverty, the book develops a theoretical framework that incorporates a mechanism of uniform income transfers in a growth model, where economic growth is the result of accumulation. Income transfer mechanism operates in all countries in the form of a progressive taxation system, pension funds, government's anti-poverty programs, employment guarantee schemes, land reforms, etc. It is not necessarily true that such income transfers would invariably reduce growth rates. The relationship between economic growth and income inequality depends on certain initial conditions. For instance, if the initial distribution of income is fairly unequal, growth induces greater equality. On the other hand, at high levels of per capita incomes, growth may raise inequality if the initial level of inequality is not very high. This brings a new dimension in the “inverted-U hypothesis.” Based on econometric modeling of growth-inequality nexus, the book examines the patterns of growth and economic disparities in BRIC countries over long periods of time, including the recent high growth phase. Two inequality measures applied in this study are Gini Coefficient and Theil's entropy measures, depending on data availability. Attempts have been made to identify the sources of inequality and the role of initial conditions in determining the patterns of development. Each country's experience is unique, but the theoretical model goes a long way to explain their growth-inequality experience.
Book Synopsis Economic Growth and Income Disparity in Bric by : Amanda Palmer
Download or read book Economic Growth and Income Disparity in Bric written by Amanda Palmer and published by . This book was released on 2017-05 with total page 156 pages. Available in PDF, EPUB and Kindle. Book excerpt: The recent interest in the development processes of BRIC countries (Brazil, Russia, India and China) has been triggered by their high growth performance. But their political and social background is entirely different. We have traced the economic history of BRIC countries to understand their economic and social institutions. The only common theme in this growth story is the high levels of income disparities and poverty that is observed even during the high growth decades. In order to understand the interaction between economic growth, income inequality and poverty, we have developed a theoretical framework that incorporates a mechanism of uniform income transfers in a growth model, where economic growth is the result of accumulation.
Book Synopsis Economic Growth and Income Disparity in Bric by : Luciano Lones
Download or read book Economic Growth and Income Disparity in Bric written by Luciano Lones and published by . This book was released on 2017-05-16 with total page 156 pages. Available in PDF, EPUB and Kindle. Book excerpt: The recent interest in the development processes of BRIC countries (Brazil, Russia, India and China) has been triggered by their high growth performance. But their political and social background is entirely different. We have traced the economic history of BRIC countries to understand their economic and social institutions. The only common theme in this growth story is the high levels of income disparities and poverty that is observed even during the high growth decades. In order to understand the interaction between economic growth, income inequality and poverty, we have developed a theoretical framework that incorporates a mechanism of uniform income transfers in a growth model, where economic growth is the result of accumulation. Income transfer mechanism operates in all countries in the form of a progressive taxation system, pension funds, government's anti poverty programs, employment guarantee schemes, land reforms, etc.It is not necessarily true that such income transfers would invariably reduce growth rates.
Book Synopsis Inequality and Development Challenges by : Maria Clara Couto Soares
Download or read book Inequality and Development Challenges written by Maria Clara Couto Soares and published by Taylor & Francis. This book was released on 2018-10-24 with total page 238 pages. Available in PDF, EPUB and Kindle. Book excerpt: This series of books brings together results of an extensive research programme on aspects of the national systems of innovation (NSI) in the five BRICS countries — Brazil, Russia, India, China, and South Africa. It provides a comprehensive and comparative examination of the challenges and opportunities faced by these dynamic and emerging economies. In discussing the impact of innovation with respect to economic, geopolitical, socio-cultural, institutional, and technological systems, it reveals the possibilities of new development paradigms for equitable and sustainable growth. This volume analyses the co-evolution of inequality and NSI across the BRICS economies. It reveals the multi-dimensional character of inequality, in going beyond its income aspect to include assets, access to basic services, infrastructure, knowledge, race, gender, ethnicity and geographic location. In advancing valuable policy recommendations, the book argues that inequalities must be factored in development strategies given that benefits of innovation are not automatically distributed equally. Original and detailed data, together with expert analyses on wide-ranging issues, make this book an invaluable resource for researchers and scholars in economics, development studies and political science, in addition to policy-makers and development practitioners interested in the BRICS countries.
Book Synopsis Handbook On Social Stratification In The Bric Countries: Change And Perspective by : Peilin Li
Download or read book Handbook On Social Stratification In The Bric Countries: Change And Perspective written by Peilin Li and published by World Scientific. This book was released on 2013-03-26 with total page 854 pages. Available in PDF, EPUB and Kindle. Book excerpt: Along with the fast growing economy, the term “BRICs” was coined to represent the newly emerging countries — Brazil, Russia, India and China. The enhanced economy in these countries has largely improved people's life; at the same time, it has also strongly influenced the transformation of social structure, norms and values. However, as the world's attention centers on their economic development at the micro level, the social changes at the micro level have often been neglected, and a specific comparative study of these four countries is even more rare.This handbook's contributing authors are leading sociologists in the four countries. They fill the gap in existing literature and examine specifically the changes in each society from the perspective of social stratification, with topics covering the main social classes, the inequality of education and income, and the different styles of consumption as well as the class consciousness and values. Under every topic, it gathers articles from authors of each country. Such a comparative study could not only help us achieve a better understanding of the economic growth and social development in these countries, but also lead us to unveil the mystery of how these emerging powers with dramatic differences in history, geography, culture, language, religion and politics could share a common will and take joint action. In general, the handbook takes a unique perspective to show readers that it is the profound social structural changes in these countries that determine their future, and to a large extent, will shape the socio-economic landscape of the future world.
Book Synopsis Inequality Matters by : Courtney Ivins
Download or read book Inequality Matters written by Courtney Ivins and published by Oxfam. This book was released on with total page 12 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Handbook of BRICS and Emerging Economies by : P. B. Anand
Download or read book Handbook of BRICS and Emerging Economies written by P. B. Anand and published by Oxford University Press, USA. This book was released on 2021-01-16 with total page 1180 pages. Available in PDF, EPUB and Kindle. Book excerpt: This handbook presents a comprehensive and multi-faceted analysis of the BRICS countries and other emerging economies, exploring their economic, social, environmental, and governance dimensions and challenges.
Book Synopsis Economic Growth and Income Disparity in BRIC by : Monica Das
Download or read book Economic Growth and Income Disparity in BRIC written by Monica Das and published by World Scientific. This book was released on 2013 with total page 166 pages. Available in PDF, EPUB and Kindle. Book excerpt: It is not necessarily true that such income transfers would invariably reduce growth rates. The relationship between economic growth and income inequality depends on certain initial conditions. For instance, if the initial distribution of income is fairly unequal, growth induces greater equality. On the other hand, at high levels of per capita incomes, growth may raise inequality if the initial level of inequality is not very high. This brings a new dimension in the "inverted-U hypothesis." Based on econometric modeling of growth-inequality nexus, the book examines the patterns of growth and economic disparities in BRIC countries over long periods of time, including the recent high growth phase. Two inequality measures applied in this study are Gini coefficient and Theil's entropy measures, depending on data availability. Attempts have been made to identify the sources of inequality and the role of initial conditions in determining the patterns of development.
Book Synopsis Growth and Transformation of Emerging Powers by : Yao Ouyang
Download or read book Growth and Transformation of Emerging Powers written by Yao Ouyang and published by Springer Nature. This book was released on 2019-11-08 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book offers a quantitative and qualitative look at the much-discussed BRICS—Brazil, Russia, India, China and South Africa—and explores how their economic ascent might cause global economic realignments in the 21st century. Providing a Chinese perspective on how the global realignment might impact strategic choices and a data-driven approach to the similarities and differences within the so-called BRICS group, this book will be of great interest to economists, international banking professionals, and political forecasters.
Book Synopsis Political Economy Of The Brics Countries, The (In 3 Volumes) by :
Download or read book Political Economy Of The Brics Countries, The (In 3 Volumes) written by and published by World Scientific. This book was released on 2020-03-03 with total page 986 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the past 20 years, social scientists, government officials, and investors have expressed mounting interest in the BRICS countries, which include Brazil, Russia, India, China and South Africa. These countries are widely viewed as both key actors in the global economy and important regional powers. The Political Economy of the BRICS Countries is a three-volume set that aims to address various crucial issues regarding these countries.Volume 1 analyzes whether economic growth in the BRICS countries has been broad-based and promoted equitable economic and social outcomes. The authors examine specific dimensions of growth in these five economies that constrain their ability to act effectively and cohesively in international affairs.Volume 2 considers how the BRICS have affected global economic governance and the international political economy.Volume 3 provides various approaches to economic informality in the BRICS. Moreover, the chapters deal with several connections between informality and important political, economic, and institutional phenomena such as economic globalization and international aid, economic development, political regimes, social capital, political networks and political participation, labor market rules, and social policy preferences.The BRICS countries have attracted rising attention over the past two decades. The volumes provide an in-depth analysis of various key issues regarding these countries and chart a course for future research.
Book Synopsis Links Between Growth, Inequality, and Poverty: A Survey by : Ms. Valerie Cerra
Download or read book Links Between Growth, Inequality, and Poverty: A Survey written by Ms. Valerie Cerra and published by International Monetary Fund. This book was released on 2021-03-12 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: Is there a tradeoff between raising growth and reducing inequality and poverty? This paper reviews the theoretical and empirical literature on the complex links between growth, inequality, and poverty, with causation going in both directions. The evidence suggests that growth can be effective in reducing poverty, but its impact on inequality is ambiguous and depends on the underlying sources of growth. The impact of poverty and inequality on growth is likewise ambiguous, as several channels mediate the relationship. But most plausible mechanisms suggest that poverty and inequality reduce growth, at least in the long run. Policies play a role in shaping these relationships and those designed to improve equality of opportunity can simultaneously improve inclusiveness and growth.
Book Synopsis Economic Growth, Inequality and Poverty by : Richard H. Adams
Download or read book Economic Growth, Inequality and Poverty written by Richard H. Adams and published by World Bank Publications. This book was released on 2003 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Inequality of Opportunity, Inequality of Income and Economic Growth by : Mr.Shekhar Aiyar
Download or read book Inequality of Opportunity, Inequality of Income and Economic Growth written by Mr.Shekhar Aiyar and published by International Monetary Fund. This book was released on 2019-02-15 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt: We posit that the relationship between income inequality and economic growth is mediated by the level of equality of opportunity, which we identify with intergenerational mobility. In economies characterized by intergenerational rigidities, an increase in income inequality has persistent effects—for example by hindering human capital accumulation— thereby retarding future growth disproportionately. We use several recently developed internationally comparable measures of intergenerational mobility to confirm that the negative impact of income inequality on growth is higher the lower is intergenerational mobility. Our results suggest that omitting intergenerational mobility leads to misspecification, shedding light on why the empirical literature on income inequality and growth has been so inconclusive.
Book Synopsis New Growth Drivers for Low-Income Countries - The Role of the BRICs by : International Monetary Fund
Download or read book New Growth Drivers for Low-Income Countries - The Role of the BRICs written by International Monetary Fund and published by International Monetary Fund. This book was released on 2011-12-01 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: The emergence of BRICs—Brazil, Russia, India, and China—is reshaping low-income countries’ (LICs) international economic relations. While industrial countries remain LICs’ dominant development partners, LIC-BRIC ties have increased so rapidly over the past decade that BRICs have become new growth drivers for LICs. Trade with BRICs is already close to half of the value of combined trade with the European Union and the United States, and larger than with other emerging market economies. BRIC FDI and development financing are making a significant impact in some key areas despite their relatively small volumes compared with those from advanced countries. Beyond the increased flows of goods and capital, BRICs have brought new dynamics in LICs’ economic relations with the rest of the world, complementing as well as competing with OECD partners. Nevertheless, while potential benefits from the LIC-BRIC ties are enormous, there are challenges and risks in realizing such benefits.
Book Synopsis Tackling Inequalities in Brazil, China, India and South Africa The Role of Labour Market and Social Policies by : OECD
Download or read book Tackling Inequalities in Brazil, China, India and South Africa The Role of Labour Market and Social Policies written by OECD and published by OECD Publishing. This book was released on 2010-10-21 with total page 311 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book focuses on the role of growth and employment/unemployment developments in explaining recent income inequality trends in Brazil, China, India and South Africa, and discusses the roles played by labour market and social policies in both shaping and addressing these inequalities.
Book Synopsis Structural Change and Industrial Development in the BRICS by : Wim A. Naudé
Download or read book Structural Change and Industrial Development in the BRICS written by Wim A. Naudé and published by Oxford University Press, USA. This book was released on 2015 with total page 523 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the role of structural change in the economic development of Brazil, Russia, India, China and South Africa (BRICS) with a consideration for the role of industry, and in particular manufacturing.
Book Synopsis Growth, Inequality, and Poverty by : Anthony Shorrocks
Download or read book Growth, Inequality, and Poverty written by Anthony Shorrocks and published by Oxford University Press, USA. This book was released on 2004-03-04 with total page 300 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is a collection of papers examining the pressing issue of increasing inequality in the distribution of income in developing countries. While economic growth is a prerequisite for a sustained reduction in poverty, policies aimed at raising growth rates are often associated with a range of adverse short term effects, including rising unemployment, greater economic insecurity, environmental degradation and the weakening of traditional social safety nets. Pro-poor growth strategiesattempt to address these short term problems. But the ideal mix of policies, and their impact on the prospects for poverty reduction in the longer run, remain controversial topics. Growth, Inequality and Poverty comprises many of the most important contributions to the current debate.
