Economic growth is said to be a necessary but not sufficient condition to eradicate absolute poverty and reduce inequality. What is the reasoning behind this argument?
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- Economic growth is said to be a necessary but not sufficient condition to eradicate absolute poverty and reduce inequality. What is the reasoning behind this argument?Why might high levels of inequality lead to lower rates of growth and development? Why might it be difficult to get out of this kind of trap?What is the main objective of the Sustainable Development Goals of the United nations? What is the standard response to eradicating poverty? Why must we change our paradigm of growth and consumption to that of "de-development"? Why are the terms de-development, de-growth, and zero growth seemingly unacceptable to the usual framework of human progress?
- In this chapter Wheelan also discusses the role of developed economies in alleviating (reducing) poverty in less developed economies. To this purpose, he draws from works of development economists such as William Easterly, Jeffrey Sachs, and others. Of the statements listed below which would Wheelan and the other quoted authors NOT AGREE to be effective or well-directed economic development strategies to alleviate global poverty? Group of answer choices Most of the difference between the huge success of East Asia and the relatively poor performance of South Asia, sub-Saharan Africa, and Latin America can be explained by the differences in their government policies. Traditional aid projects to the less developed economies have been inflexible and ineffective. Impoverished nations are caught in a poverty trap, and only capital from developed nations will rescue them. The primary stumbling block to development in poor countries has been the bad advice they received from the rich…Which of the following statements is true? 1) Economic growth always reduces inequality. 2) Economic growth always reduces poverty. 3) Economic growth is ineffective in reducing both poverty and inequality. 4) Economic growth can reduce poverty only if it is not associated with a significant rise in inequality.How can technology increase inequality with the GDP growth?
- Why should Americans be concerned about extreme poverty in other nations? How does the globalized economy impede or promote poverty reduction? Would global economic growth still be desirable if it widened inequalities but reduced poverty? Why or why not?Why is economic growth necessary for reducing poverty and inequality.Is underdevelopment a domestic or internally induced phenomenon? Explain the implication of extreme gap between rich and poor countries in the world. Identify the different sources of national and international economic growth?
- Would you expect the relative returns to primary education, on the one hand, and secondary and postsecondary education, on the other hand, to change as economic development takes place?Education seems to be important for human capital deepening and thus economic growth. As people become better educated and more knowledgeable, are there limits to how much additional benefit more education can provide? Why or why not?