Economic Growth And Poverty Reduction Essay

Yes, Economic growth does lead to a poverty reduction. As at first economic growth is an increase in the amount of goods and services produced per head of the population over a certain period of time, It’s measured as the percent rate of increase in real gross domestic product, GDP and increase in growth is caused by more efficient use of inputs like labor, physical capital or materials which is referred to as intensive growth. Thus, the most functioning way in order to pull the country and the people out of poverty is the economic growth. The strong growth and employment chances for parents, it improve and give more incentives in order to invest more in their children’s education. For example, we will send them to good schools and they will be educated and will lead us to a strong, aware and educated group of entrepreneurs, which will automatically generate an improved government, so it will sooner improve human development, that lately will turn to promoting the economic growth, as the Harvard University professor said, Dani Rodrik, That nothing has worked better than

As I illustrated up in my paper since 90’s the economic development of developing countries in East Asia were demonstrated although the economic growth was happening, but it plays mainly in the social development. The quick movement in the economic growth makes inefficient effects on environment and resources, however, the economic growth is not based only on good environmental system, ineffective investment, different marketing misrepresentations and prevailing corruption will come to the poverty population as it will be depressed of the ability and chance to participate marketing activities and political decision-making. So we have to carefully survey the complex relationship between the economic growth and poverty