African Journal of Political Science

African Journal of Political Science ISSN 3461-2165 Vol. 11 (2), pp. 001-005, February, 2017. © International Scholars Journals

Review 

Working poor and economic growth in some selected ECOWAS countries

Enoma Anthony

Department of Economics, Ambrose Alli University, Ekpoma, Edo State, Nigeria.  E-mail:[email protected]

Accepted 15 December, 2016

Abstract

This paper discusses the interaction between working poor and income growth in some selected ECOWAS states. Unlike similar studies that focus on pro-poor growth in an economy, this study highlighted the basic issue in wealth creation by drawing on the issue that poverty can impact on growth of the economy. Relying on some principle developed by Kimenyi (2006) the study concluded that policies should be effectively targeted to identify the capabilities of the poor with the view of enhancing them to contribute to the growth process in an economy. In this sense, the need for the inform sector to be formalized has been advocated and that microfinance institutions should be made more viable to increase their total credit to the working poor. Finally for these policies to be affective the government must ensure a workable partnership between poverty and growth in an economy.

Key words: Economic growth, working poor, ECOWAS states.