Pro-poor Macroeconomics: Potential and Limitations

Hardcover | November 28, 2006

EditorGiovanni Andrea Cornia

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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.

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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 curre...

GIOVANNI ANDREA CORNIA is Professor of Economics at the University of Florence.

other books by Giovanni Andrea Cornia

Format:HardcoverDimensions:376 pages, 9.47 × 6.32 × 0.96 inPublished:November 28, 2006Publisher:Palgrave MacmillanLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0230004881

ISBN - 13:9780230004887

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Table of 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