Industry Matters for Poverty: A Critique of Agricultural Fundamentalism

12 Pages Posted: 4 Jul 2004

See all articles by Rana Hasan

Rana Hasan

Asian Development Bank; University of Maryland - Department of Economics

M.G. Quibria

Asian Development Bank

Abstract

We use a recently constructed cross-country data set on absolute poverty to examine whether there is regional and sectoral variation in the relationship between poverty and economic growth. We find that the poverty-growth linkage is strongest in East Asia and that this linkage is essentially driven by growth in the industrial sector. By contrast, industrial growth has had little positive impact on poverty reduction in any other region. These findings are consistent with the notion that East Asia's greater success in poverty reduction lies in its greater openness and market orientation, which created a pattern of labor-intensive industrial growth that led to a rapid growth in employment and poverty reduction.

Suggested Citation

Hasan, Rana and Quibria, M.G., Industry Matters for Poverty: A Critique of Agricultural Fundamentalism. Kyklos, Vol. 57, No. 2, pp. 253-264, May 2004. Available at SSRN: https://ssrn.com/abstract=546925

Rana Hasan (Contact Author)

Asian Development Bank ( email )

6 ADB Avenue, Mandaluyong City 1550
Metro Manila
Philippines

University of Maryland - Department of Economics ( email )

College Park, MD 20742
United States
808-944-7590 (Phone)
808-944-7399 (Fax)

M.G. Quibria

Asian Development Bank ( email )

6 ADB Avenue, Mandaluyong City 1550
Metro Manila
Philippines

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