Growth Elasticity of poverty in the globe

Abstract

This paper highlights the global economic prosperity and portrays the anatomy of poverty in developing countries. It analyses the incidence of rural and urban poverty persisting in fourteen countries including India. It address the contradiction of coexistence of poverty and hyper economic growth in the globe. It is found that the growth elasticity of poverty is very low in developing countries. It argues that economic growth process can be inclusive and sustainable only by curbing the process of marginalization, corruption and exploitationgrowth Elasticity, Poverty ,Asia, Europe