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Growth, Development Policy,Job Creation and Poverty Reduction

Author

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  • Lance Taylor

Abstract

Policies seeking to directly help the poor have an important role to play. But without sustained growth in per capita output and significant job creation, they will not succeed. Policies promoting growth have been suggested, most notably by avoiding pro-cyclical responses to macroeconomic shocks (especially from abroad), steering macroeconomic prices, such as exchange and interest rates, to support developmental objectives, pursuing industrial and trade policies involving increasing returns, promoting financial development, and making productive use of foreign aid. Ensuring national economies have sufficient policy space to achieve sustained growth and structural change should be the over-riding policy concern.

Suggested Citation

  • Lance Taylor, 2009. "Growth, Development Policy,Job Creation and Poverty Reduction," Working Papers 90, United Nations, Department of Economics and Social Affairs.
    • Handle: RePEc:une:wpaper:90
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    File URL: http://www.un.org/esa/desa/papers/2009/wp90_2009.pdf
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    References listed on IDEAS

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    1. Charles P. Kindleberger & Robert Z. Aliber, 2005. "Manias, Panics and Crashes," Palgrave Macmillan Books, Palgrave Macmillan, edition 0, number 978-0-230-62804-5, December.
    2. Roberto Frenkel & Lance Taylor, 2006. "Real Exchange Rate, Monetary Policy and Employment," Working Papers 19, United Nations, Department of Economics and Social Affairs.
    3. Erik S. Reinert, 2006. "Development and Social Goals: Balancing Aid and Development to Prevent ‘Welfare Colonialism’," Working Papers 14, United Nations, Department of Economics and Social Affairs.
    4. Codrina Rada, 2007. "A growth model for a two-sector economy with endogenous productivity," Working Papers 44, United Nations, Department of Economics and Social Affairs.
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    Cited by:

    1. Rolph van der Hoeven, 2012. "Development Aid and Employment," WIDER Working Paper Series wp-2012-107, World Institute for Development Economic Research (UNU-WIDER).
    2. David Kucera & Marco Principi, 2014. "Democracy and foreign direct investment at the industry level: evidence for US multinationals," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 150(3), pages 595-617, August.
    3. Kucera, David, & Roncolato, Leanne., 2012. "Structure matters : sectoral drivers of growth and the labour productivity-employment relationship," ILO Working Papers 994717343402676, International Labour Organization.
    4. Richard J. Estes & M. Joseph Sirgy, 2019. "Global Advances in Quality of Life and Well-Being: Past, Present, and Future," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 141(3), pages 1137-1164, February.
    5. van der Hoeven, Rolph, 2012. "Development Aid and Employment," WIDER Working Paper Series 107, World Institute for Development Economic Research (UNU-WIDER).
    6. Joshua Greenstein, 2015. "New patterns of structural change and effects on inclusive development: A case study of South Africa and Brazil," WIDER Working Paper Series wp-2015-006, World Institute for Development Economic Research (UNU-WIDER).

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    More about this item

    Keywords

    Macroeconomic policy; development policy; economic growth; poverty reduction; employment; job creation.;
    All these keywords.

    JEL classification:

    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • I30 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General

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