Pro-Poor Macroeconomics

Overview

Economists increasingly agree on the nature of the development and social policies needed to halve poverty over the next ten years. A similar convergence is nowhere in sight in the case of macroeconomic policies. Disagreements in this area remain significant, exacerbated by rising financial instability and a string of banking and currency crises that impacted negatively on poverty, growing macro imbalances in some industrialized countries and the rapid development of difficult-to-regulate international financial ...

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Overview

Economists increasingly agree on the nature of the development and social policies needed to halve poverty over the next ten years. A similar convergence is nowhere in sight in the case of macroeconomic policies. Disagreements in this area remain significant, exacerbated by rising financial instability and a string of banking and currency crises that impacted negatively on poverty, growing macro imbalances in some industrialized countries and the rapid development of difficult-to-regulate international financial markets. This volume presents a pro-poor macroeconomic policy allowing countries to recapture policy space, help promote growth, reduce inequality and diminish poverty in a sustainable way.

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Meet the Author

GIOVANNI ANDREA CORNIA is Professor of Economics at the University of Florence.

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Table of Contents

PART 1: OVERVIEW AND POVERTY IMPACT OF MAIN MACROECONOMIC POLICIES
• Potential and Limitations of Pro-Poor Macroeconomics: An Overview—G.A.Cornia
• Pro-Poor Fiscal Policy in the Globalized Economy—R.Jha
• Can Monetary Approaches to Stabilization be Pro-Poor?—S.K.Chand
• Exchange Rate Regimes for Development and Poverty Alleviation—G.A.Cornia
• Portfolio Flows, Macroeconomic Policy and Global Poverty—C.E.Weller & R.Chaurushiya
• The Effects of FDI on Growth and Inequality—C.Bonassi, G.Giovannetti & G.Ricchiuti
• Safety Nets for the Poor: A Missing International Dimension?—S.G.Reddy
• PART 2: COUNTRY CASE STUDIES
• Financial and Trade Reforms and Impact on Poverty and Income Inequality: The Case of Mauritius—S.K.Bundoo
• Macroeconomic Policy, Growth, Redistribution and Poverty Reduction: The Case of Malaysia—W.C.Hui and J.K.S.
• The Search for Macroeconomic Stability and Growth under Persistent Inequality: The Case of Chile—A.Solimano & M.Pollack
• Macroeconomic Policy, Inequality and Poverty Reduction in Fast-Growing India and China—C.P.Chandrasekhar & J.Ghosh
• Heterodox Macroeconomic Policies, Inequality and Poverty in Uzbekistan—G.A.Cornia
• Macroeconomic Policy and Pro-Poor Growth in a Dualistic Economy: The Case of Bolivia—S.Klasen
• Has Macroeconomic Policy Been Pro-Poor in Brazil?—J.S.Arbache

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