1945

Growth and equity are commonly shared development objectives. It is therefore not surprising that the interface between growth and equity has long engaged the attention of development economists as well as national policy makers. There has been a resurgence of interest in the subject in recent years. It has been partly prompted by the concern that the accelerating trend towards globalization in the 1990s may exacerbate prevailing inequities. This concern is being reinforced by the emerging shift in the development paradigm which increasingly emphasizes the role of market forces and the private sector in shaping the pace and pattern of economic growth. At the same time, the demand for a more equitable distribution of the gains of economic growth is on the rise, with an increasing trend towards decentralization, pluralism and democratization in both political and economic governance.

Related Subject(s): Economic and Social Development
Sustainable Development Goals:
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