3. Producción

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Perú, 2001-2005: crecimiento económico y pobreza
(Pontificia Universidad Católica del Perú. Departamento de Economía, 2006)
It is common to state that the economic growth registered in the last few years has not been correlated with microeconomic welfare. In relation to that idea latter, it is augmented that the actual growth pattern does not allow the spillover of economic growth’s results to the poorer sectors of the economy.In this document we will try to show that, firstly, in theoretical terms, it is very hard to support that a generalized process of economic growth ¾in the levels of productive sectors and by regions¾ does not contribute to diminishing poverty. Secondly, in terms of Peruvian economy facts, we will try to demonstrate that the statements of the first paragraph of this document, as well as the ones linked to the idea of a “biased growth pattern”, and the arguments about poverty and inequality increments, does not have correspondence to what is actually observed. We could make a preliminary conclusion: generalized and sustained economic growth is an indispensable and sufficient condition to reduce poverty in the long term.