It is a widely accepted belief that people should be better off as the economy expands: The greater the growth, the greater the likelihood that poverty numbers will decline. While there are many good and valid reasons to hold this to be true, exceptions exist, where the lives of the poor have improved rapidly despite slow growth, or where poverty actually increases along with strong economic growth.
Growth and Development | Income Distribution
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Singapore Management University.
When it comes to poverty reduction, less may be more. (2011). Perspectives@SMU.
Available at: http://ink.library.smu.edu.sg/pers/297