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Conference news- poverty reduction and policy regimes
Bangura, Yusuf Lavers, Tom
Bangura, Yusuf
Lavers, Tom
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Adobe PDF, 394.56 KB
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Abstract
"Poverty reduction is currently prominent on the agenda of international development. Most countries have wide-ranging anti-poverty programmes, irrespective of whether they have signed up to the least developed country (LDC)–focused Poverty Reduction Strategy Papers (PRSPs) of the international financial institutions (IFIs). However, there are concerns that many countries will be unable to make meaningful dents in their poverty, let alone meet the targets set in the Millennium Development Goals. At the centre of these concerns is the question of whether countries are following the appropriate development paths. Critics of IFI policies affirm that the deflationary effects of the economic adjustment model that gained prominence in the 1980s continue to impose constraints on the types of antipoverty strategies that countries can adopt. They also contend that lessons have not been drawn from the experiences of countries referred to as “late industrializers” or “late developers”, which have been successful in reducing poverty in very short periods. When a substantial proportion of a country’s population lives in poverty, it makes little sense to treat the poor as a residual category. For successful late developers, long-term processes of structural transformation, United Nations Research Institute for Social Development UNRISD not poverty reduction per se, were central to public policy objectives that led to dramatic cuts in the number of people living in poverty."(pg 1)
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2007-02-21
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With permission of the license/copyright holder