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

Alfredo Saad-Filho

Working Papers from United Nations, Department of Economics and Social Affairs

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.

Keywords: Macroeconomic policy; pro-poor policies; inclusive growth; World Bank; Washington Consensus (search for similar items in EconPapers)
JEL-codes: E60 E64 O23 (search for similar items in EconPapers)
Pages: 22 pages
Date: 2010-11
New Economics Papers: this item is included in nep-fdg, nep-hap and nep-mac
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Citations: View citations in EconPapers (18)

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Persistent link: https://EconPapers.repec.org/RePEc:une:wpaper:100

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