Leea Harris Gdp E304 !!link!!
"leea harris gdp e304"
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Harris’s work challenges the traditional "trickle-down" assumption in macroeconomics. The central thesis is that aggregate economic growth (measured by GDP) does not automatically translate to poverty reduction. She argues for a structural transformation of the macro-economy where poverty eradication is not an externality but a central mechanism of the growth process itself. If the poor lack access to credit and
- If the poor lack access to credit and assets (land/capital), they cannot participate in high-productivity sectors.
- Economic growth that focuses on high-productivity sectors effectively bypasses the poor, locking them into a "low-level equilibrium trap" in the informal or subsistence sector.
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