Most people would recognize that growth is good for the poor. Countries that have been able to reduce poverty significantly during the second half of the twentieth century are those countries that benefited from sustained output growth over prolonged periods of time links of london sale. More recently the experience of the transitional economies of Eastern Europe and of the Former Soviet Union has shown that the deep recession of the 1990s resulted in a sharp rise in poverty whereas the most recent growth period reversed this trend contributing to reduce poverty. A World Bank study on growth, poverty and inequality in transitional economies concluded that links of london: “The single most important factor behind the significant decline in poverty in the period in question (1998-2003) is high growth in the CIS, where the bulk of the poor reside.” (World Bank 2005, p.3 valentine’s bracelet ).

The question of the relation between growth and poverty is not so much around the ‘if’ but rather around the ‘when’ and the ‘how’ output growth trickles down to the poor valentines Day rings . Output growth does not always trickle down to the poor as much or as fast as we would like and this fact has generated a hot debate among economists about whether economic policies should focus simply on growth or on pro-poor growth.