Poverty, equity and social welfare in Latin America: determinants of change over growth spells

Issues in Development Discussion Paper No. 6

Analyses the links between economic growth and recession on one hand, and poverty alleviation and inequality on the other, over the 1970s and 1980s. Finds, in particular, that a modest recession can nullify the poverty gains of much stronger growth. Also notes that only in the rural sector have overall growth and agricultural growth been effective in reducing poverty.