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Growth, Development Policy,Job Creation and Poverty Reduction

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  • Lance Taylor
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    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.

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    File URL: http://www.un.org/esa/desa/papers/2009/wp90_2009.pdf
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    Bibliographic Info

    Paper provided by United Nations, Department of Economics and Social Affairs in its series Working Papers with number 90.

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    Length: 18 pages
    Date of creation: Dec 2009
    Date of revision:
    Handle: RePEc:une:wpaper:90

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    Related research

    Keywords: Macroeconomic policy; development policy; economic growth; poverty reduction; employment; job creation.;

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    1. Erik S. Reinert, 2006. "Development and Social Goals: Balancing Aid and Development to Prevent ‘Welfare Colonialism’," The Other Canon Foundation and Tallinn University of Technology Working Papers in Technology Governance and Economic Dynamics 03, TUT Ragnar Nurkse School of Innovation and Governance.
    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. 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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