HOW IS ECONOMIC GROWTH AND POVERTY REDUCTION LINKED WITH EACH OTHER???? JUSTIFY IT
Answers
Answer:
here is your answer
Explanation:
Strong economic growth therefore advances human development, which, in turn, promotes economic growth. ... The extent to which growth reduces poverty depends on the degree to which the poor participate in the growth process and share in its proceeds. Thus, both the pace and pattern of growth matter for reducing poverty....
Answer:
(i) The higher growth rates have helped significantly in the reduction of poverty. In the eighties, India's economic growth was one of the fastest in the world. The growth rate rose from the average of about 3.5 per cent a year in the 1970s to about to 6 per cent during the 1980s and 1990s.
(ii) The higher growth rates have helped significantly in the reduction of poverty. Therefore, it is becoming clear that there is a strong link between economic growth and poverty reduction.
(iii) Economic growth widens opportunities and provides the resources needed to invest in human development. This also encourages people to send their children, including girls to schools in the hope of getting better economic returns from investing in education.