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Immiserizing Growth: When Growth Fails the Poor

 
Paul Shaffer (Editor) Ravi Kanbur (Editor) Richard Sandbrook (Editor)
Synopsis

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 Poorchallenges 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.

Contents: I. Introduction and Overview: 1. Introduction/Paul Shaffer, Ravi Kanbur, and Richard Sandbrook. 2. Immiserizing Growth: An Overview/Paul Shaffer. II. Political Economy and Politics: 3. The Politics of Immiserizing Growth: Mexico in Comparative Perspective/Judith Teichman. 4. Political Settlements and Immiserizing Growth Episodes/Kunal Sen. 5. Exploring the Causes of Immiserizing Growth: A Comparison of Pathways/Benjamin Liu, Siyuan Yeo, and John A. Donaldson. III. Case Studies: 6. Richer but Not Happier: Four Areas of Reforms in the Next Phase of Development in China/Shang-Jin Wei and Xiaobo Zhang. 7. Immiserizing Growth and Poverty Dynamics: An Assessment of Twelve Indian States/Vidya Diwakar, Andy McKay, and Andrew Shepherd. 8. Has the Economy left the Children Behind? Nutritional Immiserization in India/Anjana Thampi. 9. Maria's Paradox: Oil Extraction and the Misery of Missing Development Alternatives in the Ecuadorian Amazon/Murat Arsel, Lorenzo Pellegrini, and Carlos Mena. 10. Is Structural Transformation-led Economic Growth Immiserizing or Inclusive? The Case of Indonesia/Kyunghoon Kim, Andy Sumner and Arief Anshory Yusuf. 11. The Paradox of Persistent Poverty amidst High Growth: The Case of Nigeria/Rasaki Stephen Dauda.

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About the author

Ravi Kanbur

Ravi Kanbur is the T.H. Lee Professor of World Affairs and professor of economics at Cornell University (USA). He has taught previously at Oxford, Cambridge, Essex and Warwick universities (UK) and at Princeton University (USA), and he has served on the staff of the World Bank, including as Chief Economist for Africa.

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Bibliographic information

Title Immiserizing Growth: When Growth Fails the Poor
Format Hardcover
Date published: 22.04.2019
Edition 1st. ed.
Language: English
isbn 9780198846932
length 304p.