Public expenditures, growth, and poverty: Lessons from developing countries

During the past several decades, developing countries have had mixed results in reducing poverty. While East Asia (particularly China) has achieved astonishing progress in eradicating severe poverty through strong agricultural and overall economic growth, many African countries have experienced an i...

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Autor principal: Fan, Shenggen
Formato: Brief
Lenguaje:Inglés
Publicado: International Food Policy Research Institute 2008
Materias:
Acceso en línea:https://hdl.handle.net/10568/161737
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author Fan, Shenggen
author_browse Fan, Shenggen
author_facet Fan, Shenggen
author_sort Fan, Shenggen
collection Repository of Agricultural Research Outputs (CGSpace)
description During the past several decades, developing countries have had mixed results in reducing poverty. While East Asia (particularly China) has achieved astonishing progress in eradicating severe poverty through strong agricultural and overall economic growth, many African countries have experienced an increase in the number of poor. Today, more than 1 billion people still live on less than US$1 per day, and the recent surge in food prices has caused another 100 million people in developing countries to fall into poverty. It is obvious, therefore, that a business as usual" approach is wholly inadequate. In recognition of the fact that persistent poverty and malnutrition result in irreversible costs to human and economic development, developing countries and the international development community have been intensifying their efforts to increase and redirect resources in order to achieve specific development objectives such as the Millennium Development Goals (MDGs). However, public resources are limited, so prioritization is clearly critical. Policymakers want to know what public spending programs have the largest impact on the poor and how the resources should be allocated among different sectors, such as agriculture, infrastructure, health, and education. In recent years, the International Food Policy Research Institute (IFPRI) has conducted numerous studies related to public spending and its impact on growth and poverty reduction. The findings from those studies have been brought together in a new book, Public Expenditures, Growth, and Poverty: Lessons from Developing Countries (published for IFPRI by the Johns Hopkins University Press and, in South Asia, by Oxford University Press). The approach used in the book differs from previous work in that it considers multiple types of government spending, including investments in agriculture, infrastructure, health, education, and social safety nets; recognizes that investments have a direct impact on poverty reduction through multiple channels; and links the effects of public investment to its overall social benefits and cost, using a computable general equilibrium (CGE) framework.
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spelling CGSpace1617372025-11-06T04:23:42Z Public expenditures, growth, and poverty: Lessons from developing countries Fan, Shenggen poverty developing countries economic development public expenditure economic policies poverty alleviation During the past several decades, developing countries have had mixed results in reducing poverty. While East Asia (particularly China) has achieved astonishing progress in eradicating severe poverty through strong agricultural and overall economic growth, many African countries have experienced an increase in the number of poor. Today, more than 1 billion people still live on less than US$1 per day, and the recent surge in food prices has caused another 100 million people in developing countries to fall into poverty. It is obvious, therefore, that a business as usual" approach is wholly inadequate. In recognition of the fact that persistent poverty and malnutrition result in irreversible costs to human and economic development, developing countries and the international development community have been intensifying their efforts to increase and redirect resources in order to achieve specific development objectives such as the Millennium Development Goals (MDGs). However, public resources are limited, so prioritization is clearly critical. Policymakers want to know what public spending programs have the largest impact on the poor and how the resources should be allocated among different sectors, such as agriculture, infrastructure, health, and education. In recent years, the International Food Policy Research Institute (IFPRI) has conducted numerous studies related to public spending and its impact on growth and poverty reduction. The findings from those studies have been brought together in a new book, Public Expenditures, Growth, and Poverty: Lessons from Developing Countries (published for IFPRI by the Johns Hopkins University Press and, in South Asia, by Oxford University Press). The approach used in the book differs from previous work in that it considers multiple types of government spending, including investments in agriculture, infrastructure, health, education, and social safety nets; recognizes that investments have a direct impact on poverty reduction through multiple channels; and links the effects of public investment to its overall social benefits and cost, using a computable general equilibrium (CGE) framework. 2008 2024-11-21T09:57:47Z 2024-11-21T09:57:47Z Brief https://hdl.handle.net/10568/161737 en https://hdl.handle.net/10568/158427 Open Access application/pdf International Food Policy Research Institute Fan, Shenggen. 2008. Public expenditures, growth, and poverty. Issue Brief 51. https://hdl.handle.net/10568/161737
spellingShingle poverty
developing countries
economic development
public expenditure
economic policies
poverty alleviation
Fan, Shenggen
Public expenditures, growth, and poverty: Lessons from developing countries
title Public expenditures, growth, and poverty: Lessons from developing countries
title_full Public expenditures, growth, and poverty: Lessons from developing countries
title_fullStr Public expenditures, growth, and poverty: Lessons from developing countries
title_full_unstemmed Public expenditures, growth, and poverty: Lessons from developing countries
title_short Public expenditures, growth, and poverty: Lessons from developing countries
title_sort public expenditures growth and poverty lessons from developing countries
topic poverty
developing countries
economic development
public expenditure
economic policies
poverty alleviation
url https://hdl.handle.net/10568/161737
work_keys_str_mv AT fanshenggen publicexpendituresgrowthandpovertylessonsfromdevelopingcountries