Poverty, Income Inequality and Growth in Bangladesh: Revisited Karl-Marx
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.
Green , R. (2018). World Ultra Wealth Report 2018. Wealth-X.
Islam, M. D., Sayeed, J., & Hossain, M. N. (2017). On Determinats of Poverty and Inequlity in Bangladesh. Journal of Poverty, 21(4), 352-371.
Khan, A. R. (1990). Poverty in Bangladesh: A Consequence of and a Constraint on Growth. The Bangladesh Develpment Studies , XVIII(3).
Khan, M. A. (2013). Income Inequality in Bangldesh. 19th Biennial Conference “Rethinking Political Economy of Development. Bangladesh Economic Association.
Oxfam International . (2018). Richest 1 percent bagged 82 percent of weath . Oxfam International.
Peet, R. (1975, Dec). Inequlity and Poverty: A Marxists Geographic Theory. Annals of the Association of American Geographers, 65(4), 564-571.
Rector , R. (2004). Understanding Poverty and Economic Inequality in the United States. NE Washington DC: The Heritgae Fondation.
The World Bank. (2018). Bangladesh: Reducing Poverty and Sharing Prosperity . World Bank.
Wodon, Q. T. (2015). Growth, Poverty, and Inequlity: A Regional Pale for Bangladesh. The World Bank.
Wright, E. O., & Perrone, L. (1977, 2). Maxist Class Catgories and Income Distribution. American Sociological Review, 42(1), 32-55.
Zaman, K. A., & Akita, T. (2001). Spatial Dimentions of Income Inequality and Poverty in Bangladesh: An Analysis of the 2005 and 2010 Hoishold Income and Expenditure Suvey Data. Bangladesh Development Studies, XXXV(3), 19-37.
Copyright (c) 2019 Md Niaz Murshed Chowdhury,Md. Mobarak Hossain
This work is licensed under a Creative Commons Attribution 4.0 International License.