Life beyond the Washington Consensus: An Introduction to Pro-poor Macroeconomic Policies
AbstractThis article reviews the 'pro-poor' macroeconomic policy alternative to the Washington consensus. The pro-poor approach draws heavily on heterodox economic theory, and offers a compelling view of an alternative economic strategy oriented primarily to the satisfaction of the basic needs of the majority of the population, the equitable distribution of income, wealth and power, and the preservation of macroeconomic stability. These aims point to a specific set of fiscal, monetary, trade and exchange rate policies. The paper argues that such policies should be supported by social programmes designed to achieve the desired pro-poor outcomes as rapidly as possible.
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 Taylor & Francis Journals in its journal Review of Political Economy.
Volume (Year): 19 (2007)
Issue (Month): 4 ()
Contact details of provider:
Web page: http://www.tandfonline.com/CRPE20
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Bowman, Kirk S., 1997. "Should the Kuznets effect be relied on to induce equalizing growth: Evidence from post-1950 development," World Development, Elsevier, vol. 25(1), pages 127-143, January.
- Bird, Graham, 2001. "IMF Programs: Do They Work? Can They be Made to Work Better?," World Development, Elsevier, vol. 29(11), pages 1849-1865, November.
- Philip Arestis & Malcolm Sawyer, 2003.
"Reinventing Fiscal Policy,"
Economics Working Paper Archive
wp_381, Levy Economics Institute.
- Reinhart, Carmen & Calvo, Guillermo & Leiderman, Leonardo, 1993.
"“Capital Inflows and Real Exchange Rate Appreciation in Latin America: The Role of External Factors,"
7125, University Library of Munich, Germany.
- Guillermo A. Calvo & Leonardo Leiderman & Carmen M. Reinhart, 1993. "Capital Inflows and Real Exchange Rate Appreciation in Latin America: The Role of External Factors," IMF Staff Papers, Palgrave Macmillan, vol. 40(1), pages 108-151, March.
- Kaplan, Ethan & Rodrik, Dani, 2001.
"Did the Malaysian Capital Controls Work?,"
Working Paper Series
rwp01-008, Harvard University, John F. Kennedy School of Government.
- Ravallion, Martin & Datt, Gaurav, 1999. "When is growth pro-poor? Evidence from the diverse experiences of India's states," Policy Research Working Paper Series 2263, The World Bank.
- Lipton, Michael & Ravallion, Martin, 1993.
"Poverty and policy,"
Policy Research Working Paper Series
1130, The World Bank.
- Persson, T. & Tabellini, G., 1993.
"Is Inequality Harmful for Growth,"
537, Stockholm - International Economic Studies.
- Arjun Sengupta, 2004. "The human right to development," Oxford Development Studies, Taylor & Francis Journals, vol. 32(2), pages 179-203.
- Christopher Cramer, 2000. "Inequality, Development and Economic Correctness," Working Papers 105, Department of Economics, SOAS, University of London, UK.
- Martin Feldstein & Charles Horioka, 1979.
"Domestic Savings and International Capital Flows,"
NBER Working Papers
0310, National Bureau of Economic Research, Inc.
- João Sicsú, 2001. "Credible Monetary Policy: A Post Keynesian Approach," Journal of Post Keynesian Economics, M.E. Sharpe, Inc., vol. 23(4), pages 669-687, July.
- Palma, Gabriel, 1998. "Three and a Half Cycles of 'Mania, Panic, and [Asymmetric] Crash': East Asia and Latin America Compared," Cambridge Journal of Economics, Oxford University Press, vol. 22(6), pages 789-808, November.
- Stanley Fischer & Ratna Sahay & Carlos A. V�gh, 2002.
"Modern Hyper- and High Inflations,"
Journal of Economic Literature,
American Economic Association, vol. 40(3), pages 837-880, September.
- Stanley Fischer & Ratna Sahay & Carlos A. Vegh, 2002. "Modern Hyper- and High Inflations," NBER Working Papers 8930, National Bureau of Economic Research, Inc.
- Stanley Fischer & Ratna Sahay & Carlos A. VÃ©gh Gramont, 2002. "Modern Hyper- and High Inflations," IMF Working Papers 02/197, International Monetary Fund.
- JosÈ Antonio Ocampo, 2002. "Rethinking the development agenda," Cambridge Journal of Economics, Oxford University Press, vol. 26(3), pages 393-407, May.
- Christian E. Weller & Adam Hersh, 2004. "The long and short of it: global liberalization and the incomes of the poor," Journal of Post Keynesian Economics, M.E. Sharpe, Inc., vol. 26(3), pages 471-504, April.
- Paus, Eva A., 1991. "Adjustment and development in Latin America: The failure of Peruvian Heterodoxy, 1985-90," World Development, Elsevier, vol. 19(5), pages 411-434, May.
- Karshenas, Massoud, 2001. "Agriculture and Economic Development in Sub-Saharan Africa and Asia," Cambridge Journal of Economics, Oxford University Press, vol. 25(3), pages 315-42, May.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Michael McNulty).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.