| Welfare, Inequality, and Resource Depletion: A Reassessment of Brazilian Economic Growth Contributor(s): Torras, Mariano (Author) |
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ISBN: 1138264180 ISBN-13: 9781138264182 Publisher: Routledge OUR PRICE: $63.64 Product Type: Paperback - Other Formats Published: November 2016 |
| Additional Information |
| BISAC Categories: - Business & Economics | Development - Economic Development |
| Dewey: 338.981 |
| Series: Alternative Voices in Contemporary Economics |
| Physical Information: 208 pages |
| Descriptions, Reviews, Etc. |
| Publisher Description: This book breaks new ground by accounting for the welfare implications of both severe inequality and environmental degradation and developing a sustainable development indicator that incorporates changes over time in each of these dimensions. The model is applied to data from Brazil spanning the 1965 -1998 period. The book's findings cast significant doubt on the proposition that rapid economic growth in Brazil has resulted in comparable welfare gains. The evidence presented more generally illustrates the often unsustainable nature of rapid GDP growth phases, as well as the general unreliability of GDP growth as an indicator of well-being improvement. The specific policy implication is that Brazil should discontinue - or at least severely curtail - the regressive and resource intensive economic policies it has followed in recent decades in the interest of welfare improvement not only for the poorer groups in society, but for future generations of Brazilians as well. |
