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Lecture Development economics - Lecture 29: Poverty, inequality, and development

This chapter presents the following content: Inequality across countries; poverty, Inequality, and GNP per capita; the growth controversy: seven critical questions; the growth controversy: seven critical questions; measuring inequality and poverty; the greater the curvature of the lorenz line, the greater the relative degree of inequality;. | Poverty, Inequality, and Development Lecture 29 Poverty across countries Country (in order of increasing GNP per capita) % of Population below $1 a day Bangladesh 29.1 Kenya 26.5 Sri Lanka 6.6 Indonesia 7.7 Philippines 14.6 Jamaica 3.2 Paraguay 19.5 Costa Rica 6.9 Malaysia The Growth Controversy: Seven Critical Questions Inequality and poverty need to be defined carefully if we want to Compare countries to each other; . | Poverty, Inequality, and Development Lecture 29 Poverty across countries Country (in order of increasing GNP per capita) % of Population below $1 a day Bangladesh 29.1 Kenya 26.5 Sri Lanka 6.6 Indonesia 7.7 Philippines 14.6 Jamaica 3.2 Paraguay 19.5 Costa Rica 6.9 Malaysia <2 Brazil 9.0 Inequality across countries Country (in order of increasing GNP per capita) The Poorest 40% get % of income Ratio of Highest 20% to lowest 20% Bangladesh 22.9 4.0 Kenya 10.1 18.3 Sri Lanka 22.0 4.4 Indonesia 20.4 5.1 Philippines 15.5 8.4 Jamaica 16.0 8.2 Paraguay 8.2 27.1 Costa Rica 12.8 12.9 Malaysia 12.9 11.7 Brazil 8.2 25.7 United States 16.1 8.5 But careful ! In these surveys, both the very poor and the very rich and underrepresented. But careful ! In these surveys, both the very poor and the very rich and underrepresented. But careful ! In these surveys, both the very poor and the very rich and underrepresented. Poverty, Inequality, and GNP per capita There’s no simple relation between .