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

Author

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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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    Cited by:

    1. 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.
    2. 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.
    3. 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.
    4. Agustin Redonda, 2016. "Tax Expenditures and Sustainability. An Overview," Discussion Notes 1603, Council on Economic Policies.

    More about this item

    Keywords

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

    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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