Why growth matters
Subtitle: how economic growth in India reduced poverty and the lessons for other developing countries
By: Jagdish Bhagwati, Arvind Panagariya
Contributors: Panagariya, Arvind
Edition: First edition.
Publisher: PublicAffairs
Published: 2013
Language: eng
Number of pages: 280
ISBN-13: 9781610392716; 9781610393737
Subjects: Economic policy; Poverty; Economic development
Description: The authors argue forcefully that only one strategy will help the poor to any significant effect: economic growth, led by markets overseen and encouraged by liberal state policies. Their radical message has huge consequences for economists, development NGOs and anti-poverty campaigners worldwide. There are vital lessons here not only for Southeast Asia, but for Africa, Eastern Europe, and anyone who cares that the effort to eradicate poverty is more than just good intentions. If you want it to work, you need growth. With all that implies.
Notes: "A Council on Foreign Relations Book."

Includes bibliographical references (pages 255-266) and index.
Table of contents: title: Debunking the myths. Indian socialism and the myths of growth and poverty; title: Myths about the early development strategy; title: Reforms and their impact on growth and poverty; title: Reforms and inequality; title: Reforms and their impact on health and education; title: Yet other myths; title: The new challenges: Track I reforms for faster and broader growth. Track I and track II reforms; title: A multitude of labor laws and their reform; title: Land acquisition; title: Infrastructure; title: Higher education; title: Other track I reforms; title: More effective and inclusive redistribution: Track II. Track II reforms; title: Attacking poverty by guaranteeing employment; title: Adult nutrition and food security; title: Reforming health care; title: Elementary education; title: India: Past and future; title: Appendix 1: Socialism under Nehru; title: Appendix 2: Measuring inequality: the Gini coefficient; title: Appendix 3: Key provisions of the Right to Education Act, 2009; title: Appendix 4: Prime Ministers of India.