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A GROWTH, DISTRIBUTION AND POVERTY
Chapter 4
Income Distribution and Poverty
I. Introduction
The efficacy of economic growth in improving income distribution and reducing poverty has spawned an extensive literature. The discussion in development literature has been dominated by the examination of the hypothesis that increased inequality is but a natural consequence of growth, at least at the earlier stages of development. A considerable volume of literature emerged showing that a trade-off between growth and equity is not inevitable. The recent success of East and South- East Asian economies in achieving rapid economic growth is generally perceived to have reduced inequalities and at the same time, has received considerable attention.

Like growth and equity, the relationship between growth and poverty has been widely studied. The literature emerging from the debate appears to have given rise to a number...