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Growth, Poverty and Inequality: From Washington Consensus to Inclusive Growth

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  • Alfredo Saad-Filho

Abstract

This paper reviews recent economic policy debates about the relationship between growth, poverty and inequality. These debates have tended to focus on whether market-led growth is sufficient to eliminate poverty and reduce inequality, or whether specific policies are necessary because untargeted growth may be insufficient or even perverse. The paper charts the degenerating outcomes of these debates, and the emergence of the inclusive growth (IG) paradigm within the World Bank. A critical examination of IG suggests that its weaknesses are best addressed through a more ambitious restatement of the pro-poor goals of economic policy.

Suggested Citation

  • Alfredo Saad-Filho, 2010. "Growth, Poverty and Inequality: From Washington Consensus to Inclusive Growth," Working Papers 100, United Nations, Department of Economics and Social Affairs.
    • Handle: RePEc:une:wpaper:100
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    File URL: http://www.un.org/en/development/desa/papers/2010
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    Citations

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    Cited by:

    1. Jeyacheya, Julia & Hampton, Mark P., 2020. "Wishful thinking or wise policy? Theorising tourism-led inclusive growth: Supply chains and host communities," World Development, Elsevier, vol. 131(C).
    2. Atif, Syed Muhammad & Mohazzam, Sardar, 2012. "Inclusive Growth Strategies for Pakistan ─ Myth or Reality for Policymakers," EconStor Preprints 65714, ZBW - Leibniz Information Centre for Economics.
    3. Eregha, Perekunah Bright & Mesagan, Ekundayo Peter, 2017. "The Emergence of Inclusive Growth: Issues, Challenges and Policy Options for Nigeria," MPRA Paper 95671, University Library of Munich, Germany, revised 15 Aug 2019.
    4. Christina Wieser, 2011. "Determinants of the Growth Elasticity of Poverty Reduction. Why the Impact on Poverty Reduction is Large in Some Developing Countries and Small in Others," WIFO Working Papers 406, WIFO.
    5. Syed Muhammad, Atif & Sardar, Mohazzam, 2012. "Inclusive Growth Strategies for Pakistan: Myth or Reality for Policymakers!," MPRA Paper 41376, University Library of Munich, Germany.
    6. Sumangala Damodaran, 2015. "The Chimera of Inclusive Growth: Informality, Poverty and Inequality in India in the Post-Reform Period," Development and Change, International Institute of Social Studies, vol. 46(5), pages 1213-1224, September.
    7. Oyamada, Kazuhiko & Uchida, Yoko, 2011. "Production patterns of Multinational Firms: Horizontal and Vertical Multinationals with traded intermediates," Conference papers 332063, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    8. Carrera Troyano, Miguel & Muñoz de Bustillo, Rafael, 2013. "Tres décadas de economía, ideología económica y políticas en la evolución de la pobreza y la desigualdad en América Latina [Three decades of economics, economic ideology and policies in the evoluti," MPRA Paper 51867, University Library of Munich, Germany, revised 2013.
    9. Julia Ngozi Chukwuma, 2022. "Global ideas of welfare and the narrowing scope of social policy," Working Papers 252, Department of Economics, SOAS University of London, UK.
    10. Andersson, Martin & Palacio, Andrés & von Borries, Alvaro, 2022. "Why has economic shrinking receded in Latin America? A social capability approach," Lund Papers in Economic History 236, Lund University, Department of Economic History.
    11. Ahmed Mohamed Ezzat, 2018. "Trade Openness: An Effective tool for Poverty Alleviation or an Instrument for Increasing Poverty Severity?," Working Papers 1248, Economic Research Forum, revised 07 Nov 2018.
    12. Jiguang Wang & Bing Ran, 2019. "Balancing Paradoxical Missions: How Does Microfinance Rebuild a Sustainable Path in Poverty Alleviation?," SAGE Open, , vol. 9(2), pages 21582440198, June.
    13. Agustin Redonda, 2016. "Tax Expenditures and Sustainability. An Overview," Discussion Notes 1603, Council on Economic Policies.
    14. Jude Okechukwu Chukwu, 2020. "New Estimates of Non-inclusiveness of Growth Using Two Nigerian Household Survey Data," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 152(1), pages 191-204, November.
    15. Ibrahim D. Raheem & Kazeem O. Isah & Abdulfatai A. Adedeji, 2018. "Inclusive growth, human capital development and natural resource rent in SSA," Economic Change and Restructuring, Springer, vol. 51(1), pages 29-48, February.

    More about this item

    Keywords

    Macroeconomic policy; pro-poor policies; inclusive growth; World Bank; Washington Consensus;
    All these keywords.

    JEL classification:

    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General
    • E64 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Incomes Policy; Price Policy
    • O23 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Fiscal and Monetary Policy in Development

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