Economists increasingly agree on the nature of the development and social policies needed to halve poverty over the next ten years. A similar convergence is nowhere in sight in the case of macroeconomic policies. Disagreements in this area remain significant, exacerbated by rising financial instability and a string of banking and currency crises that impacted negatively on poverty, growing macro imbalances in some industrialized countries and the rapid development of difficult-to-regulate international financial markets. This volume presents a pro-poor macroeconomic policy allowing countries to recapture policy space, help promote growth, reduce inequality and diminish poverty in a sustainable way.
Contents
PART 1: OVERVIEW AND POVERTY IMPACT OF MAIN MACROECONOMIC POLICIES
Potential and Limitations of Pro-Poor Macroeconomics: An Overview;
G.A.Cornia
Pro-Poor Fiscal Policy in the Globalized Economy;
R.Jha
Can Monetary Approaches to Stabilization be Pro-Poor?;
S.K.Chand
Exchange Rate Regimes for Development and Poverty Alleviation;
G.A.Cornia
Portfolio Flows, Macroeconomic Policy and Global Poverty;
C.E.Weller &
R.Chaurushiya
The Effects of FDI on Growth and Inequality;
C.Bonassi, G.Giovannetti &
G.Ricchiuti
Safety Nets for the Poor: A Missing International Dimension?;
S.G.Reddy
PART 2: COUNTRY CASE STUDIES
Financial and Trade Reforms and Impact on Poverty and Income Inequality: The Case of Mauritius;
S.K.Bundoo
Macroeconomic Policy, Growth, Redistribution and Poverty Reduction: The Case of Malaysia;
W.C.Hui and
J.K.S.
The Search for Macroeconomic Stability and Growth under Persistent Inequality: The Case of Chile;
A.Solimano &
M.Pollack
Macroeconomic Policy, Inequality and Poverty Reduction in Fast-Growing India and China;
C.P.Chandrasekhar &
J.Ghosh
Heterodox Macroeconomic Policies, Inequality and Poverty in Uzbekistan;
G.A.Cornia
Macroeconomic Policy and Pro-Poor Growth in a Dualistic Economy: The Case of Bolivia;
S.Klasen
Has Macroeconomic Policy Been Pro-Poor in Brazil?;
J.S.Arbache
Giovanni Andrea Cornia is currently Professor of Development Economics in the Faculty of Economics at the University of Florence. Key publications include
Adjustment with a Human Face (Vol.I, 1987 and Vol. II, 1998) with Richard Jolly and Frances Stuart;
Transitions and Institutions: the Experience of Gradual and Late Reformers (2001) with Vladimir Popov. “Poverty and Inequality in the Era of Liberalization and Globalisation” in
Human Development and the Enviroment, ed. by H. Van Ginkel et al.
Pro-Poor Macroeconomics: Potential and Limitations is copublished with Palgrave Macmillan; hardback ISBN-10: 0-230-00488-1; ISBN-13:978-0-230-00488-7, 376 pages, 2006, £70.
Order from: Palgrave Macmillan Publishers Limited, Brunel Road, Houndmills, Basingstoke, Hampshire RG21 6XS, United Kingdom. Phone: +44 (0) 1256 302699; Fax: +44 (0) 1256 330688;
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This volume is part of the UNRISD series,
Social Policy in a Development Context, which examines ways in which social policy can be instrumental to economic development while maintaining its intrinsic goal of social protection and equity.