The Idea of Inclusive Growth and Development Policy

The evolution of development policy over time can be characterized as a faltering pursuit of inclusive growth: namely, an integrated program of achieving highest possible rate of growth of the real GDP that doubles per capita income within a short period of time, with an eye on distributive justice...

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Autor principal: Naqvi, Syed Nawab Haider
Formato: Brief
Lenguaje:Inglés
Publicado: International Food Policy Research Institute 2012
Materias:
Acceso en línea:https://hdl.handle.net/10568/154153
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author Naqvi, Syed Nawab Haider
author_browse Naqvi, Syed Nawab Haider
author_facet Naqvi, Syed Nawab Haider
author_sort Naqvi, Syed Nawab Haider
collection Repository of Agricultural Research Outputs (CGSpace)
description The evolution of development policy over time can be characterized as a faltering pursuit of inclusive growth: namely, an integrated program of achieving highest possible rate of growth of the real GDP that doubles per capita income within a short period of time, with an eye on distributive justice and an undivided focus on reduction in poverty. There is a link that ties these apparently disparate policy objectives; but these links need to be strengthened by deliberate government policy to make them fully functional.2 It is only by achieving these connected objectives simultaneously or in quick succession that efforts to bring prosperity to humanity condemned perpetually to a life of drudgery and poverty can be crowned with suc-cess.3 The greatest minds in economics from Physiocrats to modern times have addressed this problem. Yet it remains an unfinished agenda of human existence--- equivalent to the mathematical problem of “squaring the circle”. It is, therefore, apt that the success of a set of development policies is judged by reference to the fulfilment or non-fulfilment of this universally valid amorphous objective---it is universally valid because it is a relevant reckoner regardless of state of development of a society. However, a successful pursuit of this agenda is a non-trivial exercise; but it is by no means impossible.
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spelling CGSpace1541532025-11-06T05:44:01Z The Idea of Inclusive Growth and Development Policy Naqvi, Syed Nawab Haider economic growth economic development policies development aid governance public expenditure The evolution of development policy over time can be characterized as a faltering pursuit of inclusive growth: namely, an integrated program of achieving highest possible rate of growth of the real GDP that doubles per capita income within a short period of time, with an eye on distributive justice and an undivided focus on reduction in poverty. There is a link that ties these apparently disparate policy objectives; but these links need to be strengthened by deliberate government policy to make them fully functional.2 It is only by achieving these connected objectives simultaneously or in quick succession that efforts to bring prosperity to humanity condemned perpetually to a life of drudgery and poverty can be crowned with suc-cess.3 The greatest minds in economics from Physiocrats to modern times have addressed this problem. Yet it remains an unfinished agenda of human existence--- equivalent to the mathematical problem of “squaring the circle”. It is, therefore, apt that the success of a set of development policies is judged by reference to the fulfilment or non-fulfilment of this universally valid amorphous objective---it is universally valid because it is a relevant reckoner regardless of state of development of a society. However, a successful pursuit of this agenda is a non-trivial exercise; but it is by no means impossible. 2012 2024-10-01T13:59:51Z 2024-10-01T13:59:51Z Brief https://hdl.handle.net/10568/154153 en Open Access application/pdf International Food Policy Research Institute Naqvi, Syed Nawab Haider. 2012. The Idea of Inclusive Growth and Development Policy. PSSP Working Paper 3. Washington, DC: International Food Policy Research Institute (IFPRI). https://hdl.handle.net/10568/154153
spellingShingle economic growth
economic development
policies
development aid
governance
public expenditure
Naqvi, Syed Nawab Haider
The Idea of Inclusive Growth and Development Policy
title The Idea of Inclusive Growth and Development Policy
title_full The Idea of Inclusive Growth and Development Policy
title_fullStr The Idea of Inclusive Growth and Development Policy
title_full_unstemmed The Idea of Inclusive Growth and Development Policy
title_short The Idea of Inclusive Growth and Development Policy
title_sort idea of inclusive growth and development policy
topic economic growth
economic development
policies
development aid
governance
public expenditure
url https://hdl.handle.net/10568/154153
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