POVERTY, POLICY REFORMS FOR RESOURCE-USE AND ECONOMIC EFFICIENCY: NEGLECTED ISSUES

Clement Tisdell

The Singapore Economic Review (SER), 2009, vol. 54, issue 02, 155-166

Abstract: It is widely believed that in developing countries, open-access to natural resources, inadequate private property rights, and lack of development of market systems add to the incidence of poverty. Increased economic efficiency is seen as a powerful force for reducing the extent of poverty in developing countries in thelong run. While this may be so, it ignores the depth and incidence of poverty that can be generated during adjustments to policy reforms. This possibility constrains policy choices as shown theoretically on natural resource policies and agricultural adjustment policies with Asian examples. Social, behavioral, and institutional features are also considered as they may result in the poverty lock-in of some groups. It is essential to consider dynamic processes and not to rely solely on comparative statics when assessing economic policies to reduce poverty and increase economic efficiency. It is also important to take into account the institutional constraints on policy choices.

Keywords: Adjustment to policy change; agricultural policy; Asia; economic efficiencies; institutionalism; market reforms; natural resource policies; poverty (search for similar items in EconPapers)
Date: 2009
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
http://www.worldscientific.com/doi/abs/10.1142/S0217590809003318
Access to full text is restricted to subscribers

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:wsi:serxxx:v:54:y:2009:i:02:n:s0217590809003318

Ordering information: This journal article can be ordered from

DOI: 10.1142/S0217590809003318

Access Statistics for this article

The Singapore Economic Review (SER) is currently edited by Euston Quah

More articles in The Singapore Economic Review (SER) from World Scientific Publishing Co. Pte. Ltd.
Bibliographic data for series maintained by Tai Tone Lim ().