Why Growth Matters

How Economic Growth in India Reduced Poverty and the Lessons for Other Developing Countries

Nonfiction, History, Asian, India, Business & Finance, Economics, Economic Development, Social & Cultural Studies, Social Science
Cover of the book Why Growth Matters by Jagdish Bhagwati, Arvind Panagariya, PublicAffairs
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Author: Jagdish Bhagwati, Arvind Panagariya ISBN: 9781610392723
Publisher: PublicAffairs Publication: April 9, 2013
Imprint: PublicAffairs Language: English
Author: Jagdish Bhagwati, Arvind Panagariya
ISBN: 9781610392723
Publisher: PublicAffairs
Publication: April 9, 2013
Imprint: PublicAffairs
Language: English

In its history since Independence, India has seen widely different economic experiments: from Jawharlal Nehru's pragmatism to the rigid state socialism of Indira Gandhi to the brisk liberalization of the 1990s. So which strategy best addresses India's, and by extension the world's, greatest moral challenge: lifting a great number of extremely poor people out of poverty?

Bhagwati and Panagariya 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.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

In its history since Independence, India has seen widely different economic experiments: from Jawharlal Nehru's pragmatism to the rigid state socialism of Indira Gandhi to the brisk liberalization of the 1990s. So which strategy best addresses India's, and by extension the world's, greatest moral challenge: lifting a great number of extremely poor people out of poverty?

Bhagwati and Panagariya 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.

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