Poverty and Inequality across the Nations: How Can Governments be Effective in Coping?

Niraj Prasad Koirala and Dhiroj Prasad Koirala

Economy, 2016, vol. 3, issue 1, 24-30

Abstract: The paper focuses on poverty and income inequality in low income countries with special focus on political economics of poverty and role of fiscal policies in coping those problems. The issue of poverty in low income countries and how different factors are fomenting the problems in those nations are explained. The paper links the relevancy of fiscal policies in combating poverty and income inequality presenting examples of different countries. At some point, the paper explains how multilateral organization assisted fiscal policies are hurting the poverty reduction programs in poor income countries. This paper argues that lower income countries need to focus on increasing tax base, increasing the coverage of formal market for increasing the collection of revenue. For improving the efficacy of government expenditure and to reduce the poverty, the paper suggests to focus on agriculture research and development in low income countries, majority of which are food insecure together with investment on rural electrification and education.

Keywords: Poverty; Low income countries; Fiscal policy; Tax. (search for similar items in EconPapers)
Date: 2016
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://asianonlinejournals.com/index.php/Economy/article/view/572/573 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:aoj:econom:v:3:y:2016:i:1:p:24-30:id:572

Access Statistics for this article

More articles in Economy from Asian Online Journal Publishing Group
Bibliographic data for series maintained by Sara Lim ().