Is It Really Possible for Countries to Simultaneously Grow and Reduce Poverty and Inequality? Going Beyond Global Narratives

Global narratives underscore that economic growth can often coincide with reductions in poverty and inequality. However, the experiences of several countries over recent decades confirm that inequality can widen or narrow in response to policy choices and independent of economic growth. This paper a...

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Main Authors:	Cuesta, Jose, Negre, Mario, Revenga, Ana, Silva-Jauregui, Carlos
Format:	Journal Article
Published:	Taylor and Francis 2021
Subjects:	INEQUALITY POVERTY INCOME DISTRIBUTION GOOD POLICY POVERTY REDUCTION
Online Access:	http://hdl.handle.net/10986/35283

id	okr-10986-35283
recordtype	oai_dc
spelling	okr-10986-352832021-04-23T14:02:19Z Is It Really Possible for Countries to Simultaneously Grow and Reduce Poverty and Inequality? Going Beyond Global Narratives Cuesta, Jose Negre, Mario Revenga, Ana Silva-Jauregui, Carlos INEQUALITY POVERTY INCOME DISTRIBUTION GOOD POLICY POVERTY REDUCTION Global narratives underscore that economic growth can often coincide with reductions in poverty and inequality. However, the experiences of several countries over recent decades confirm that inequality can widen or narrow in response to policy choices and independent of economic growth. This paper analyses five country cases, Brazil, Cambodia, Mali, Peru and Tanzania. These countries are the most successful in reducing inequality and poverty while growing robustly for at least a decade since the early 2000 s. The paper assesses how good macroeconomic management, sectoral reform, the strengthening of safety nets, responses to external shocks, and initial conditions all chip away at inequality and support broad growth. Sustained and robust economic growth with strong poverty and inequality reductions are possible across very different contexts and policy choices. The comparative analysis also identifies common building blocks toward success and warns that hard-earned achievements can be easily overturned. 2021-03-17T21:02:35Z 2021-03-17T21:02:35Z 2020-06 Journal Article Oxford Development Studies 1360-0818 http://hdl.handle.net/10986/35283 CC BY-NC-ND 3.0 IGO http://creativecommons.org/licenses/by-nc-nd/3.0/igo World Bank Taylor and Francis Publications & Research :: Journal Article Publications & Research Brazil Cambodia Mali Peru Tanzania
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
topic	INEQUALITY POVERTY INCOME DISTRIBUTION GOOD POLICY POVERTY REDUCTION
spellingShingle	INEQUALITY POVERTY INCOME DISTRIBUTION GOOD POLICY POVERTY REDUCTION Cuesta, Jose Negre, Mario Revenga, Ana Silva-Jauregui, Carlos Is It Really Possible for Countries to Simultaneously Grow and Reduce Poverty and Inequality? Going Beyond Global Narratives
geographic_facet	Brazil Cambodia Mali Peru Tanzania
description	Global narratives underscore that economic growth can often coincide with reductions in poverty and inequality. However, the experiences of several countries over recent decades confirm that inequality can widen or narrow in response to policy choices and independent of economic growth. This paper analyses five country cases, Brazil, Cambodia, Mali, Peru and Tanzania. These countries are the most successful in reducing inequality and poverty while growing robustly for at least a decade since the early 2000 s. The paper assesses how good macroeconomic management, sectoral reform, the strengthening of safety nets, responses to external shocks, and initial conditions all chip away at inequality and support broad growth. Sustained and robust economic growth with strong poverty and inequality reductions are possible across very different contexts and policy choices. The comparative analysis also identifies common building blocks toward success and warns that hard-earned achievements can be easily overturned.
format	Journal Article
author	Cuesta, Jose Negre, Mario Revenga, Ana Silva-Jauregui, Carlos
author_facet	Cuesta, Jose Negre, Mario Revenga, Ana Silva-Jauregui, Carlos
author_sort	Cuesta, Jose
title	Is It Really Possible for Countries to Simultaneously Grow and Reduce Poverty and Inequality? Going Beyond Global Narratives
title_short	Is It Really Possible for Countries to Simultaneously Grow and Reduce Poverty and Inequality? Going Beyond Global Narratives
title_full	Is It Really Possible for Countries to Simultaneously Grow and Reduce Poverty and Inequality? Going Beyond Global Narratives
title_fullStr	Is It Really Possible for Countries to Simultaneously Grow and Reduce Poverty and Inequality? Going Beyond Global Narratives
title_full_unstemmed	Is It Really Possible for Countries to Simultaneously Grow and Reduce Poverty and Inequality? Going Beyond Global Narratives
title_sort	is it really possible for countries to simultaneously grow and reduce poverty and inequality? going beyond global narratives
publisher	Taylor and Francis
publishDate	2021
url	http://hdl.handle.net/10986/35283
_version_	1764482710021079040

Is It Really Possible for Countries to Simultaneously Grow and Reduce Poverty and Inequality? Going Beyond Global Narratives

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