Inequality, Poverty, and Economic Shrinking: A Study of Developing Countries, 1974-2006
Recent research suggests that it is the decline in the frequency of ‘shrinking’ episodes, and not higher growth rates, that are more important for long-term development. A growing body of literature also focuses on how income inequality and poverty affect economic growth rates, with a consensus emerging about their negative impacts. By employing a framework centred around social capabilities, this
