Towards a new consensus: poverty reduction strategies for Bolivia
AbstractPurpose – The purpose of this paper is to evaluate the viability for Bolivia of attaining the United Nations millennium development goal established in year 2000, of halving extreme poverty by 2015. Design/methodology/approach – The study is based in numerical simulation with a model of the Bolivian economy. The model pertains to the (widely defined) family of dynamic input-output models, and represents in detail income distribution, by size and socioeconomic class. Findings – The millennium development goal of halving extreme poverty by 2015 seems to be a difficult, but attainable goal for Bolivia. Given the expected debt reduction agreed with international creditors, the goal can be attained by a combination of investment and redistribution policies. Research limitations/implications – It is implied that a new approach to development strategy is adopted. A new policy consensus is assumed to supplant the Washington Consensus. The new consensus model is based on objectives such as policy autonomy, structural change, and distributive justice. Poverty reduction strategy is a combination of policies associated with these objectives, viz. foreign debt policy, investment policy, and income distribution policy. Practical implications – The study shows that capital account regulation, investment planning and redistributive policies might conform effective strategies for attaining the millennium development goals. Originality/value – The study represents a different approach to poverty reduction strategy, which explores the economy-wide effects of new policy instruments, particularly on growth capacity, output structure, and income distribution.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Bibliographic InfoArticle provided by Emerald Group Publishing in its journal International Journal of Development Issues.
Volume (Year): 8 (2009)
Issue (Month): 1 (June)
Contact details of provider:
Web page: http://www.emeraldinsight.com
Postal: Emerald Group Publishing, Howard House, Wagon Lane, Bingley, BD16 1WA, UK
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statisticsgeneral information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Chris Harris).
If references are entirely missing, you can add them using this form.