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Immiserizing Growth - When Growth Fails the Poor (Hardcover)
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Immiserizing Growth - When Growth Fails the Poor (Hardcover)
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Immiserizing growth occurs when growth fails to benefit, or harms,
those at the bottom. It is not a new concept, appearing in some of
the towering figures of the classical tradition of political
economy including Malthus, Ricardo, and Marx. It is also not
empirically insignificant, occurring in between 10% and 35% of
cases. In spite of this, it has not received its due attention in
the academic literature, dominated by the prevailing narrative that
'growth is good for the poor'. Immiserizing Growth: When Growth
Fails the Poor challenges this view to arrive at a better
understanding of when, why, and how growth fails the poor. Taking a
diverse disciplinary perspective, Immiserizing Growth combines
discussion of mechanisms of this troubling economic phenomenon with
empirical data on trends in growth, poverty, and related welfare
indicators. It draws on political economy, applied social
anthropology, and development studies, including contributions from
experts in these fields. A number of methodological approaches are
represented including statistical analysis of household survey and
cross-country data, detailed ethnographic work and case study
analysis drawing on secondary data. Geographical coverage is wide
including Bolivia, the Dominican Republic, Ecuador, India,
Indonesia, Mexico, Nigeria, the People's Republic of China,
Singapore, and South Korea, in addition to cross-country analysis.
This volume is the first full-length treatment of immiserizing
growth, and constitutes an important step in redirecting attention
to this major challenge.
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