Poverty, Poverty Reforms for Resource-use and Economic Efficiency: Neglected Issues
It is widely believed that in developing countries, open-access to natural resources, inadequate private property rights, and lack of development of market systems adds to the incidence of poverty. Increased economic efficiency is seen as a powerful force for reducing the extent of poverty in developing countries in the long run. While this may be so, it ignores the depth and incidence of poverty that can be generated during adjustments to policy reforms. This possibility constrains policy choices as is shown theoretically for natural resource policies and for agricultural adjustment policies giving Asian examples. Social, behavioral and institutional features are also considered that may result in poverty lock-in of some groups. It is essential to consider dynamic processes and not to rely solely on comparative statics when assessing economic policies to reduce poverty and increase economic efficiency. It is also important to take into account institutional constraints on policy choices.
|Date of creation:||May 2007|
|Date of revision:|
|Contact details of provider:|| Postal: St. Lucia, Qld. 4072|
Phone: +61 7 3365 6570
Fax: +61 7 3365 7299
Web page: http://www.uq.edu.au/economics/index.html
More information through EDIRC
References listed on IDEAS
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.:
- H. Scott Gordon, 1954. "The Economic Theory of a Common-Property Resource: The Fishery," Journal of Political Economy, University of Chicago Press, vol. 62, pages 124.
- Dasgupta, Partha, 2001. "Human Well-Being and the Natural Environment," OUP Catalogue, Oxford University Press, number 9780199247882, May.
- North,Douglass C. & Thomas,Robert Paul, 1976. "The Rise of the Western World," Cambridge Books, Cambridge University Press, number 9780521290999, june. pag.
- Tisdell, Clement A., 2003.
"Poverty - Dynamic and Sustainability Perspectives Implications for Welfare and Policy with Reference to India,"
Social Economics, Policy and Development Working Papers
106949, University of Queensland, School of Economics.
- Tisdell, Clement A., 1993. "Poverty - Dynamic and Sustainability Perspectives Implications for Welfare and Policy with Reference to India," Social Economics, Policy and Development Working Papers 106951, University of Queensland, School of Economics.
- Weitzman, Martin L., 1974. "Free access vs private ownership as alternative systems for managing common property," Journal of Economic Theory, Elsevier, vol. 8(2), pages 225-234, June.
- Carrington, William J & Detragiache, Enrica & Vishwanath, Tara, 1996. "Migration with Endogenous Moving Costs," American Economic Review, American Economic Association, vol. 86(4), pages 909-30, September.
When requesting a correction, please mention this item's handle: RePEc:ags:uqseee:55100. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (AgEcon Search)
If references are entirely missing, you can add them using this form.