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Is growth good for the poor? Thailand’s boom and bust

Is growth good for the poor? Thailand’s boom and bust In the past two decades, Thailand experienced a prolonged economic boom followed by a collapse. During the boom the incidence of absolute poverty fell dramatically but relative inequality increased. The collapse of 1997 had the reverse effects. The poor became significantly worse off in an absolute sense but proportionately less so than the rich; inequality thus declined. The significance of these events depends on a fundamental question: does the welfare of the poor depend on their absolute standard of living, as reflected in measures of poverty incidence, or on their position relative to the rich, as reflected in measures of inequality? http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png International Journal of Social Economics Emerald Publishing

Is growth good for the poor? Thailand’s boom and bust

International Journal of Social Economics , Volume 27 (7/8/9/10): 16 – Jul 1, 2000

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Publisher
Emerald Publishing
Copyright
Copyright © 2000 MCB UP Ltd. All rights reserved.
ISSN
0306-8293
DOI
10.1108/03068290010372180
Publisher site
See Article on Publisher Site

Abstract

In the past two decades, Thailand experienced a prolonged economic boom followed by a collapse. During the boom the incidence of absolute poverty fell dramatically but relative inequality increased. The collapse of 1997 had the reverse effects. The poor became significantly worse off in an absolute sense but proportionately less so than the rich; inequality thus declined. The significance of these events depends on a fundamental question: does the welfare of the poor depend on their absolute standard of living, as reflected in measures of poverty incidence, or on their position relative to the rich, as reflected in measures of inequality?

Journal

International Journal of Social EconomicsEmerald Publishing

Published: Jul 1, 2000

Keywords: Thailand; Poverty; Economic growth; Asia; Crises

References