Economic growth, distribution policy and other factors: key elements in poverty alleviation

Silin Zhu,Nandagiri Rishita,Zhiyan Liu,Yian Zhu,J Li,K Chen,J Wu

doi:10.1051/e3sconf/202125301042

Abstract

Poverty, as a universal problem, has been widely concerned by scholars all over the world. This essay argues how economic growth, distribution policy and other factors affect poverty reduction issues. Firstly, this article will briefly introduce the context of the poverty issue and how economic growth influences poverty reduction. Secondly, two exceptional cases and three non-economic factors will be analyzed to test whether distribution policy and other factors can also influence or dismiss poverty. Finally, this article will conclude that rapid economic growth is good for poverty alleviation but not all the needs. The distribution policies and other non-economic factors may also influence the link between economic growth and poverty reduction.

Highlights

Poverty as a world-wide problem has been widely interested by scholars from different disciplines and whether rapid economic growth is the best way to deal with poverty alleviation have been argued
The writer will argue that in most of situations economic growth is still good for the poor by analyzing data from Dollar and Kraay. It will discuss how the relationship between economic growth and poverty reduction can be influenced by redistribution, welfare policies and complementary society programs for poverty reduction by analyzing two exceptional cases
That economics believes that rapid economic growth is the best way to deal with poverty, for the reason that by promoting the income of poorest and redistribution resources the poverty will be reduced, while others argue that income of poor is not the most accurate certification to measure poverty and economic growth is not the most need to deal with poverty alleviation

Summary

INTRODUCTION

Poverty as a world-wide problem has been widely interested by scholars from different disciplines and whether rapid economic growth is the best way to deal with poverty alleviation have been argued. The writer will argue that in most of situations economic growth is still good for the poor by analyzing data from Dollar and Kraay. It will discuss how the relationship between economic growth and poverty reduction can be influenced by redistribution, welfare policies and complementary society programs for poverty reduction by analyzing two exceptional cases. The writer will illustrate three non-economic elements which can be used to measure poverty. They all need to be contained into poverty reduction agenda. By 1990, the incidence of poverty had fallen to 42 percent, and to 21 percent in 2010." [1]

THE CONTEXT OF POVERTY REDUCTION ISSUE

THE ECONOMIC GROWTH AND POVERTY REDUCTION

DISTRIBUTION POLICY AND POVERTY REDUCTION

OTHER MEASUREMENTS TO REDUCE POVERTY

Findings

CONCLUSION