The twin challenges of reducing poverty and creating employment

image of The twin challenges of reducing poverty and creating employment
This publication is based on papers presented at two Expert Group Meetings (jointly organized by DSPD and the ILO) that brought together specialists to undertake a review of progress in eradicating poverty and to analyse policy responses to the global jobs crisis in different countries and regions of the world. It calls for a reorientation of macroeconomic policies from the current heavy emphasis on short-term stability to the promotion of sustained, inclusive and equitable growth. It further stresses the need for the integration of social and economic policies to enable the attainment of people-centred development outcomes.



Education and the roles of the State and the market in poverty eradication

In examining the respective roles of the State and the market in eradicating poverty, it is first of all important to expand the scope of the enquiry to encompass not only poverty but also income inequality and economic growth. Much of the modern experience of development has shown that, save in a pure Malthusian situation which may sometimes occur but which is generally rare, poverty is closely related to income inequality, and both are closely connected with growth. In attempts to find effective ways to combat poverty, attention must therefore be cast widely enough to examine the effect of income inequality and growth on poverty. In turn, reduction and eradication of poverty can have an important impact on growth and inequality.


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