Inclusive Growth vs.
{"Image DocumentName": "Inclusive Growth vs. Pro-poor Growth (Ravallion and Chen, 2003)", "Image ImageDescription": "Relative definition of pro-poor growth: incomes of the poor grow faster than those of the population as a whole and thus, poverty and inequality are reduced. Absolute definition of pro-poor growth: incomes of the poor increase as an economy is experiencing growth and thus, poverty is reduced, but not necessarily does inequality. In consequence, Inclusive Growth is in line with the absolute definition of pro-poor growth, but not necessarily the relative definition: The incomes of the poor increase with growth but not necessarily faster than the rest of the population. The important point is that everybody is experiencing growth. LAIA. Before we proceed to explain how inclusive growth should be measured, it is important to distinguish the concepts of inclusive growth and pro-poor growth. As Ravallion and Chen suggest, we can define two concepts of pro-poor growth: absolute pro-poor growth and relative pro-poor growth. Under the relative definition of pro-poor growth, a growth is pro-poor when the incomes of the poor grow faster than those of the population as a whole, and thus, inequality is reduced. Under the absolute definition of pro-poor growth, a growth is pro-poor when the incomes of the poor increase as an economy is growing and thus, poverty is reduced. Then, Ravallion and Chen define Inclusive Growth as a growth process where the whole population is experiencing increase in income and thus, poverty is reduced. In consequence, inclusive growth is in line with the absolute definition of pro-poor growth, but not necessarily with the relative one.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}