11. Poverty Reduction in China: Is High Growth Enough?
- Author:
- Guanghua Wan
- Publication Date:
- 04-2008
- Content Type:
- Policy Brief
- Institution:
- United Nations University
- Abstract:
- Should growth or inequality be prioritized in the design and execution of development policies ? An oft cited paper by Dollar and Kraay of the World Bank advocates growth as the primary objective of development. Opponents argue that growth may not be pro-poor, thus growth alone is insufficient for poverty reduction—the ultimate goal of development. They instead emphasize redistribution as an important policy instrument. From a practical point of view, most policies involve trade-offs between efficiency (i.e., growth) and equity, at least in the short-run. With this in mind, development strategists and policymakers face the challenge or dilemma: what should be prioritized in the design and execution of development policies?
- Political Geography:
- China