Enhancing income opportunities
Accelerating growth is essential for poverty reduction. As argued earlier, poverty has failed to decline significantly since the East Asian Crisis due to insufficiently dynamic growth, a high degree of income inequality that reduces the income elasticity of poverty reduction, and an apparent worseni...
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sg-smu-ink.soe_research-22922019-04-13T06:15:16Z Enhancing income opportunities Verlarde, Rashiel FUJII, Tomoki Lächler, Ulrich Accelerating growth is essential for poverty reduction. As argued earlier, poverty has failed to decline significantly since the East Asian Crisis due to insufficiently dynamic growth, a high degree of income inequality that reduces the income elasticity of poverty reduction, and an apparent worsening of the income distribution. The first step toward addressing this failure is to accelerate growth, which will not be easy in the short run while the global slowdown continues to run its course. Moreover, even though the global crisis is gradually bottoming out, the post-crisis external environment is likely to be much less favorable than before, which threatens to leave the Philippine economy on a lower growth plateau in the absence of reforms. This adds further urgency to the removal of growth constraints that already existed before the crisis, and which are examined below. 2010-01-01T08:00:00Z text application/pdf https://ink.library.smu.edu.sg/soe_research/1293 https://ink.library.smu.edu.sg/context/soe_research/article/2292/viewcontent/Philippines_report_2010_pv.pdf http://creativecommons.org/licenses/by-nc-nd/4.0/ Research Collection School Of Economics eng Institutional Knowledge at Singapore Management University Asian Studies Growth and Development |
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Asian Studies Growth and Development Verlarde, Rashiel FUJII, Tomoki Lächler, Ulrich Enhancing income opportunities |
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Accelerating growth is essential for poverty reduction. As argued earlier, poverty has failed to decline significantly since the East Asian Crisis due to insufficiently dynamic growth, a high degree of income inequality that reduces the income elasticity of poverty reduction, and an apparent worsening of the income distribution. The first step toward addressing this failure is to accelerate growth, which will not be easy in the short run while the global slowdown continues to run its course. Moreover, even though the global crisis is gradually bottoming out, the post-crisis external environment is likely to be much less favorable than before, which threatens to leave the Philippine economy on a lower growth plateau in the absence of reforms. This adds further urgency to the removal of growth constraints that already existed before the crisis, and which are examined below. |
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Verlarde, Rashiel FUJII, Tomoki Lächler, Ulrich |
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Verlarde, Rashiel FUJII, Tomoki Lächler, Ulrich |
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Verlarde, Rashiel |
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Enhancing income opportunities |
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Enhancing income opportunities |
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Enhancing income opportunities |
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Enhancing income opportunities |
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Enhancing income opportunities |
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enhancing income opportunities |
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Institutional Knowledge at Singapore Management University |
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2010 |
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https://ink.library.smu.edu.sg/soe_research/1293 https://ink.library.smu.edu.sg/context/soe_research/article/2292/viewcontent/Philippines_report_2010_pv.pdf |
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