A Macro Policy for Poverty Eradication through Structural Change

Rehman Sobhan

No DP2005-03, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: This paper argues that poverty originates in the structural injustices of a social order which incapacitates the poor from participating in the growth generating sectors of the economy and leaves them captives in the so called informal sector, characterized by low productivity and low earning capacity. In such a system the poor remain individualized and hence disempowered which compels them to interface with the market economy on highly inequitable terms which relegates them to the lowest tiers of the value addition chain.

Keywords: Economic development; Informal sector; Macroeconomics; Poverty; Public goods (search for similar items in EconPapers)
Date: 2005
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Persistent link: https://EconPapers.repec.org/RePEc:unu:wpaper:dp2005-03

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