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

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  • Alfredo Saad-Filho
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    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.

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    File URL: http://www.un.org/en/development/desa/papers/2010
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    Bibliographic Info

    Paper provided by United Nations, Department of Economics and Social Affairs in its series Working Papers with number 100.

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    Length: 22 pages
    Date of creation: Nov 2010
    Date of revision:
    Handle: RePEc:une:wpaper:100

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    Related research

    Keywords: Macroeconomic policy; pro-poor policies; inclusive growth; World Bank; Washington Consensus;

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    Cited by:
    1. 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
      ," MPRA Paper 51867, University Library of Munich, Germany, revised 2013.
    2. 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.

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