Johnny Ch Lok

How Future Human Development In Success Johnny Ch Lok

Economic growth factorWhether has economic growth and human development close relationship? Economic growth can reduce poverty and improving the quality of life in developing countries. Growth can cause prosperity and opportunity. Strong growth and employment opportunities can improve incentives for education enterpreneurs, even human development. But under different conditions, similar rates of growth can have very different effects on poverty, the employment prospects of the poor and broader indicators of human development. The extent to which growth reduces poverty depends on the degree to which the poor participate in the growth process and share in its proceeds. Future growth will need to be environmentally sustainable. Improved management of water and other natural resources is required, e.g. movement with low carbon technologies by both developed and developing countries. Some report indicated growth is the important method to help human to solve poverty. For example, a flagship study of 14 countries in the 1990 year found that over the decade, poverty feel in the 11 countries that experienced significant growth rose in the three countries with low or stagnant growth. On average, a one per cent increase in per capita income reduced poverty by poverty was particularly in Vietnam, where poverty fell by 7.8 % a year between 1993 and 2002 year, the poverty rate from 58% to 29%. Other countries with reductions over this period include India, Tunisia, etc. each with declines in the poverty rate of between three per pecent and four per cent a year. Driving these overall reductions in poverty was the rebound in growth that began for most of the countries in the mid-1990 year. The median GDP growth rate for the 14 countries was 2.4% year between 1996 year and 2003 year (Adams, R 2002). The report also showed India has seen significant falls in poverty since the 1980 year rates that accelerated into the 1990 year. This has been strongly related to India's impressive growth record over this period. China alone has reached over 450 million people out of poverty since 1979 year. Evidence showed that rapid economic growth between 1985 year and 2001 year was crucial to this reduction in poverty. So, it implies the positive link between growth and poverty reduction is clear. The impact of the distribution of income on this relationship, in particular, whether higher inequality lessens the reduction in poverty generated by growth is less clear. The levels of income inequality are important in determining how powerful on effect growth has in reducing poverty. For example, it has been estimated that a one per cent increase income levels could result in a 4.3 % decline in poverty in countries with very low inequality or as little as a 0.6 % in poverty in highly unequal countries. To conclude, the report also indicated that growth does not necessarily lead to increased inequality. When some theoretical research suggests a causal relationship between growth and inequality, the consensus of the latest empirical research is that there is no consistent relationship between inequality and changes in income. Thus, it seems economic growth and human relationship has close relationship. Then, it will bring this question. Does human development influence the causes of global change?