 New Strategies for Development: Poverty, Income Distribution, and GrowthFrances Stewart and Paul Streeten Chapter 8 in Development Perspectives, 1981, pp 148-174 from Palgrave Macmillan Abstract: Abstract It is now widely acknowledged that growth of GNP, conventionally measured, is unsatisfactory as the main target of development strategy and as the sole criterion of its success or failure. Among the many reasons why this is accepted, two have been singled out. First, many developing countries that have experienced rapid rates of growth of GNP have also and simultaneously generated increasing amounts of unemployment and underemployment. The growth rate of employment in the modern sector has been much slower than the growth rate of GNP, and much slower than the growth in numbers seeking modern sector jobs. Secondly, rapid growth in GNP has often been accompanied by a more unequal income distribution and increasing relative and, in some cases, absolute impoverishment of sections of the community. GNP has been ‘dethroned’ mainly because it fails to incorporate any measure of a country’s success in achieving fuller employment and a more even income distribution. Keywords: Income Level; Income Distribution; Development Perspective; Lorenz Curve; Price Mechanist (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-05341-4_8 Ordering information: This item can be ordered from DOI: 10.1007/978-1-349-05341-4_8 Access Statistics for this chapter More chapters in Palgrave Macmillan Books from Palgrave Macmillan |
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