Understanding Growth and Poverty : Theory, Policy, and Empirics.
Title:
Understanding Growth and Poverty : Theory, Policy, and Empirics.
Author:
Nallari, Raj.
ISBN:
9780821369548
Personal Author:
Physical Description:
1 online resource (488 pages)
Series:
WBI Development Studies
Contents:
Cover -- Half Title Page -- Title Page -- Copyright -- Contents -- Preface -- Abbreviations -- Introduction -- Part I Poverty, National Income, and Economic Growth -- Chapter 1 Poverty and How We Measure It -- Poverty and Well-Being -- Measuring Poverty -- Collecting Data -- Household Surveys and National Accounts -- Conclusion -- Note -- Bibliography -- Chapter 2 National Income and How We Measure It -- Macroeconomic Sectors -- Macroeconomic Concepts -- Determining Gross Domestic Product -- The Business Cycle -- The Balance of Payments -- Some Basic Accounting Relationships -- Conclusion -- Notes -- Bibliography -- Chapter 3 Growth, Poverty, and Inequality: An Overview -- Growth Theory, Then and Now -- Institutions and Modern Growth Theory -- Economic Growth and Poverty Reduction -- Variations in Poverty Responses to Growth -- Pro-Poor Growth -- Conclusion -- Note -- Bibliography -- Part II Government Policy, Growth, and the Poor -- Chapter 4 Government and the Economy-: Focus on Fiscal Policy -- The Role of Government in the Economy -- Fiscal Policy: Taxing and Spending -- The Uses of Fiscal Policy -- Conclusion -- Note -- Bibliography -- Chapter 5 Monetary Policy, Inflation, and Exchange Rates -- Definitions and Concepts -- Inflation -- Inflation and Economic Growth -- Inflation and the Poor -- Exchange-Rate Policy -- Conclusion -- Notes -- Bibliography -- Chapter 6 Financial Development -- Financial Development and Economic Growth -- Four Decades of Financial Sector Reform in Developing Countries -- Financial Development and Poverty Reduction -- Widening Access to Financial Services -- Microfinance and the Poor -- Emigrant Remittances -- Conclusion -- Notes -- Bibliography -- Chapter 7 Development Assistance -- Aid Sources and Trends -- Aid in the Context of Overall Capital Flows -- Does Aid Spur Economic Growth?.
Ensuring That More Aid Means More Growth -- International Initiatives to Improve the Effectiveness of Aid -- Conclusion -- Annex The Five Principles of the Paris Declaration on Aid Effectiveness -- Notes -- Bibliography -- Chapter 8 External Debt -- Measures of External Indebtedness -- External Indebtedness, Growth, and Poverty -- Debt Relief and Low-Income Countries -- Debt Relief versus Development Assistance -- Conclusion -- Notes -- Bibliography -- Chapter 9 Trade Policy -- The Rationale for Trade -- Trade Barriers -- Trade and Economic Growth -- Trade, Inequality, and the Poor -- Conclusion -- Bibliography -- Part III Factor Accumulation and Structural Policy -- Chapter 10 Institutions and Growth -- Measures of Institutional Quality -- Institutions and Economic Growth -- Social Capital and Culture -- Conclusion -- Notes -- Bibliography -- Chapter 11 Education -- Education, Growth, and Poverty Reduction -- Global Education Initiatives -- Development Assistance for Education -- What Do We Know about Educational Policy? -- Conclusion -- Notes -- Bibliography -- Chapter 12 Health -- Macroeconomics and Health -- Health and Economic Growth -- Macroeconomic Policy and Health -- Beyond GDP -- Investing in Health -- Global Health Initiatives -- Conclusion -- Notes -- Bibliography -- Chapter 13 Labor Markets -- Labor-Friendly Economic Growth -- Labor Markets in Developing Countries -- Conclusion -- Notes -- Bibliography -- Chapter 14 Land and Agriculture -- Land Distribution in Poor Countries -- Land Inequality and Rural Poverty -- Land Inequality and Economic Development -- The Role of Government in Land Markets -- The Role of Agriculture in Reducing Rural Poverty -- Conclusion -- Notes -- Bibliography -- Chapter 15 Technology, Entrepreneurship, and Productivity -- Total Factor Productivity -- Spending on Research and Development.
Technology Diffusion and Adoption -- Information and Communication Technology -- Are Entrepreneurship and Growth Linked? -- Entrepreneurial Activity and Growth -- Policy Implications -- Conclusion -- Notes -- Bibliography -- Chapter 16 Trends in Urbanization -- Trends in Urbanization -- Urbanization and Growth -- Urbanization and Poverty -- Key Issues in Urbanization -- Conclusion -- Notes -- Bibliography -- Chapter 17 Corruption and Poverty -- Detection and Measurement of Corruption -- Analytical Framework for the Study of Corruption -- Causes of Corruption -- Costs and Benefits of Corruption -- Impact of Corruption on Economic Performance -- Persistence of Corruption -- Conclusion -- Note -- Bibliography -- Chapter 18 Regulation and Economic Growth -- Product-Market Regulation -- Labor Regulation -- Regulation and the Private Sector -- Financial Regulation -- Policy Lessons from the Recent Crisis -- Regulation and Reform of the Infrastructure Sector -- Impact of Regulation on Growth and Informality -- Conclusion -- Notes -- Bibliography -- Chapter 19 Shocks, Volatility, and Growth -- Avoiding Economic Downturns -- Interdependence of North and South -- The Synchronized Movement of Developed and Developing Countries -- The Complexity of North-South Links -- Monetary Policies and Capital Flows -- North-South Capital Flows -- Globalization, Volatility, and Growth -- The Financial Crisis of 2008 and Global Growth -- Growth Booms -- The Microeconomic Foundations of Growth -- Conclusion -- Notes -- Bibliography -- Chapter 20 The Politics of Growth and Poverty -- Political Power and Economic Institutions -- Economic Origins of Political Regimes -- Do Democratic Countries Grow Faster than Dictatorships? -- The Interplay of Politics and Economics -- Conclusion -- Notes -- Bibliography -- Chapter 21 Climate Change and the Wealth of Nations.
National Wealth and Genuine Saving -- Consumption, Saving, and a Counterfactual to the Hartwick Rule -- How Does Natural Capital Affect Well-Being? -- High Carbon, High Growth -- Mitigation of and Adaptation to Climate Change -- Conclusion -- Annex Empirical Evidence of the Causes of Growth -- Notes -- Bibliography -- Conclusion What We Know and What We Do Not Know -- Glossary -- Index -- Back Cover.
Abstract:
The literature on growth and poverty is voluminous and still evolving. This title distills the most important lessons from developing countries' experience with growth and poverty. It provides a broad understanding of the impact of economic policies on growth and poverty reduction in developing countries. After describing basic economic relationships that summarize the workings and the measurement of the macroeconomy--and after confirming that growth is the most critical factor in alleviating poverty--the book turns to individual policy areas. These include the various roles of government, among them setting fiscal policy and maintaining an environment conducive to the effective operation of a market economy. Policies governing money supply, exchange rates, and the financial sector are also covered. After assessing several decades of experience with development assistance, the aim of which has been to place poor countries on a path of sustainable long-run growth, the study turns to a discussion of external debt. In the 1980s and 1990s, debt contracted by low-income countries from commercial and official sources became unsustainable, crippling their growth, keeping millions in poverty, and forcing an international reappraisal of lending policies, the centerpiece of which was a set of debt-forgiveness policies that was put forward with the launch of the Jubilee 2000 debt relief campaign. The remainder of the volume examines problems that can keep the poor from moving out of poverty. Trade, institutional development, regulation, education, health, labor markets, land and agriculture, natural resources, urbanization, technology, and politics?all are core components of public policy and need to be handled right if poverty is to be addressed effectively. Because many developing countries lack the capacity to mobilize resources?administrative and
financial?to move the poor out of poverty, the international community must be actively involved. Looking ahead, rates of growth and poverty will be determined by how nations use knowledge, technology, and energy in firms and households, and by the effects of the warming climate on economic activities. Above all, the distribution of political and economic power within and among countries will determine the direction and dynamics of growth and development.
Local Note:
Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2017. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.
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