Poverty and Policy in the Developing World: Before and After the Pandemic

M.G. Quibria ()

MPRA Paper from University Library of Munich, Germany

Abstract: Poverty and Policy in the Developing World: Before and After the Pandemic By M.G. Quibria, Morgan State University This paper begins with the definition, measurement and other conceptual issues related to poverty in the developing world. It then makes an international comparison of experiences in poverty alleviation —how various countries and regions have fared in alleviating poverty before the Covid-19 Pandemic. The next section reviews the effectiveness of various approaches to poverty reduction, which are grouped under two broad headings: inclusive growth and redistributive policies to empower the poor. Under inclusive growth, it reviews the various strategies of growth in alleviating. In particular, it draws on the experiences of successful Asian countries and examines the salience of different policies and strategies such outward-orientation, domestic liberalization and investments in physical infrastructure. It then examines the role of various redistributive policies, which include investments in human capital, land reform, microcredit, and income transfer and safety net programs. The article concludes with some prognostications about the effectiveness of various policies and strategies in the post-pandemic developing world.

Keywords: poverty alleviation; openness; governance; microcredit; developing Asia and RCTs (search for similar items in EconPapers)
JEL-codes: I32 O11 O2 (search for similar items in EconPapers)
Date: 2020-10-01, Revised 2020-10-15
New Economics Papers: this item is included in nep-mfd and nep-sea
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