Poverty, Income Inequality and Growth in Bangladesh: Revisited Karl-Marx

  • Md Niaz Murshed Chowdhury Department of Economics, University of Nevada Reno, Reno, United States
  • Md. Mobarak Hossain Department of Economics, University of Nevada Reno, Reno, United States
Keywords: Bangladesh; Inequality; Poverty; Distribution, GDP growth.

Abstract

This study tries to find the relationship among poverty inequality and growth. It also tries to connect the Karl Marx’s thoughts on functional income distribution and inequality in capitalism. Using the Household Income and Expenditure Survey of 2010 and 2016 this study attempt to figure out the relationship among them. The incidence of poverty in Bangladesh is one of topmost in this globe; about 25% of the population is living under poverty lines and 12.3% of its population is living under the extreme poverty line. The major finding of this study is poverty has reduced significantly from 2000 to 2016, which is more than 100% but in recent time poverty reduction has slowed down. Despite the accelerating economic growth, the income inequality also increasing where the rate of urban inequality exceed the rural income inequality. Slower and unequal household consumption growth makes sloth the rate of poverty reduction. Average annual consumption fell from 1.8% to 1.4% from 2010 to 2016 and poorer households experienced slower consumption growth compared to richer households.

 

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Published
2019-06-20
How to Cite
Chowdhury, M. N. M., & Hossain, M. M. (2019). Poverty, Income Inequality and Growth in Bangladesh: Revisited Karl-Marx. American Finance & Banking Review, 4(2), 1-10. Retrieved from https://www.cribfb.com/journal/index.php/amfbr/article/view/324
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Articles