Pro-Poor Macroeconomics: Potential and Limitations Edited by Giovanni Andrea Cornia

Publisher: Palgrave Macmillan

ISBN: 978-1-349-28163-3

About the Book

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 & Jayati 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

About the Author

Giovanni Andrea Cornia is Professor of Economics at the University of Florence, Italy, and has lectured at several other universities. During the latter half of the 1990s, he was the Director of the World Institute for Development Economics Research (WIDER) in Helsinki. He has held research positions in FIAT, UNCTAD, UNECE and UNICEF and edited or co-edited 11 books, contributed to 20 books edited by others and published over 50 journal articles on macroeconomics, inequality, poverty, mortality and human capital in developing and transitional economies.

Introductory chapter by Giovanni Andrea Cornia