Education and Economic Development

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Many people still think first of ‘economic growth’ in relation to poverty reduction. Indeed, their correlation is one of the most-discussed issues of combating poverty. The relationship is of great importance because of there is a clear causal dependency, reducing poverty could fundamentally be limited to measures to promote growth. However, if there was low growth or stagnation it would not be possible to reduce poverty decisively. It the opposite case, that of the phenomena having no causal relation, promising measures to reduce poverty could be taken up even without economic growth. Hardly anyone now explicitly expresses the view that economic development trickles down automatically to the poor. Practical experience has refuted this assumption dating from the early days of development policy in the 1960s. However a number of studies show development of growth and a decline in poverty running parallel. On the other hand, there are also examples which show that despite high economic growth, poverty is not reduced markedly. The common answer to the question this raises is thus: Yes, growth can reduce poverty, but only if additional measures oriented on the poor are taken up. This is often termed pro-poor-growth. But what that means in detail, and whether economic growth as such plays a causal role at all, is not clarified. It is worth taking a look at the arguments on the basis of more recent empirical and theoretical knowledge.

ABOUT THE AUTHOR M. Lakshmi Narasaiah

Dr. M. Lakshmi Narasaiah, has been working as Professor and Head, Department of Economics, Sri Krishnadevaraya University Post-Graduate Centre, Kurnool, Andhra Pradesh. He is a Post-Graduate in Economics and has secured first rank. He has received Ph.D., Degree from Sri Krishnadevaraya University, Anantapur, in 1987. He has worked as UGC JRF and UGC SRF. Starting his professional career as an Assistant Professor of Economics in Sri Krishnadevaraya University, Anantapur, he has been actively engaged in teaching and research for the past twenty years. He was associated with the Government of Andhra Pradesh. Planning Department in the center for planning and Development studies projects. He has extensively travelled abroad. He has to his credit 175 research papers published in reputed National and International Journals, a large number of book reviews and seminar papers besides supervising M.Phil., and Ph.D., studies. He is also working on number of research projects. He has frequently participated in national and international conference. He is author of 27 books. Prof. M. Lakshmi Narasaiah is a member of large number of national and international associations and is associated with academic in several universities and professional organization. He has been acting as a member of the "Review Committee" he various international economic journals.

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Bibliographic information

Title
Education and Economic Development
Author
Edition
1st ed.
Publisher
ISBN
8183562205
Length
viii+160p.
Subjects