Economic growth and development

Developing countries as a group have experienced rapid economic growth in the last three decades: between 1965 and 1990, their gross national product (GNP) per capita grew at an average annual rate of 2.5 percent to reach US$840 in 1990. However, economic performance has been uneven across developin...

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Main Author: Pandya-Lorch, Rajul
Format: Brief
Language:Inglés
Published: International Food Policy Research Institute 1994
Subjects:
Online Access:https://hdl.handle.net/10568/157039
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author Pandya-Lorch, Rajul
author_browse Pandya-Lorch, Rajul
author_facet Pandya-Lorch, Rajul
author_sort Pandya-Lorch, Rajul
collection Repository of Agricultural Research Outputs (CGSpace)
description Developing countries as a group have experienced rapid economic growth in the last three decades: between 1965 and 1990, their gross national product (GNP) per capita grew at an average annual rate of 2.5 percent to reach US$840 in 1990. However, economic performance has been uneven across developing regions and countries. Poverty is a major consequence of deteriorating or slow economic growth. In 1991, 51.6 percent of the world's population was living in 30 countries that had GNP per capita of less than US$500. World Bank estimates of poverty in the developing world suggest that in 1985, an estimated 1 billion people were poor: they lived below a poverty line of about $420 per person per year. South Asia was home to about half of the developing world's poor, but projections suggest that Sub-Saharan Africa will increasingly become a locus of poverty in coming years as the number of poor people in that region increases from about 184 million in 1985 to 304 million people in 2000. The magnitude of poverty is also anticipated to increase in Latin America and the Caribbean and in the Middle East and North Africa between now and 2000, but to decline by more than half in East Asia from 182 million in 1985 to 73 million in 2000. Overall, the absolute number of poor people in all developing countries is expected to increase slightly, but their share of the total population will decline from 31 percent in 1985 to 24 percent in 2000 due to population growth.
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spelling CGSpace1570392025-01-10T06:36:04Z Economic growth and development Pandya-Lorch, Rajul poverty economic growth economic development developing countries Developing countries as a group have experienced rapid economic growth in the last three decades: between 1965 and 1990, their gross national product (GNP) per capita grew at an average annual rate of 2.5 percent to reach US$840 in 1990. However, economic performance has been uneven across developing regions and countries. Poverty is a major consequence of deteriorating or slow economic growth. In 1991, 51.6 percent of the world's population was living in 30 countries that had GNP per capita of less than US$500. World Bank estimates of poverty in the developing world suggest that in 1985, an estimated 1 billion people were poor: they lived below a poverty line of about $420 per person per year. South Asia was home to about half of the developing world's poor, but projections suggest that Sub-Saharan Africa will increasingly become a locus of poverty in coming years as the number of poor people in that region increases from about 184 million in 1985 to 304 million people in 2000. The magnitude of poverty is also anticipated to increase in Latin America and the Caribbean and in the Middle East and North Africa between now and 2000, but to decline by more than half in East Asia from 182 million in 1985 to 73 million in 2000. Overall, the absolute number of poor people in all developing countries is expected to increase slightly, but their share of the total population will decline from 31 percent in 1985 to 24 percent in 2000 due to population growth. 1994 2024-10-24T12:46:55Z 2024-10-24T12:46:55Z Brief https://hdl.handle.net/10568/157039 en Open Access application/pdf International Food Policy Research Institute Pandya-Lorch, Rajul. 1994. Economic growth and development. 2020 Policy Brief 1. Washington, DC: International Food Policy Research Institute. https://hdl.handle.net/10568/157039
spellingShingle poverty
economic growth
economic development
developing countries
Pandya-Lorch, Rajul
Economic growth and development
title Economic growth and development
title_full Economic growth and development
title_fullStr Economic growth and development
title_full_unstemmed Economic growth and development
title_short Economic growth and development
title_sort economic growth and development
topic poverty
economic growth
economic development
developing countries
url https://hdl.handle.net/10568/157039
work_keys_str_mv AT pandyalorchrajul economicgrowthanddevelopment