File2-page9 - - Divergent trends, for example, in East Asia...

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Redistribution, Growth and Welfare - based on this evidence, South Asia, which has the largest con- centration of poor people, cannot be deemed to be “on track” in terms of halving the proportion in poverty by 2015 Poverty varies strongly over space and time (Table 1) space varying. - This pattern is difFcult to square with some Fxed effect argu- ment, whether this has to do with resource endowments, dis- ease burden, geography or societal norms. Political and social factors are clearly at work - these institutional factors affect not only the rate of capital ac- cumulation but also the willingness and power to redistribute towards the poor.
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Unformatted text preview: - Divergent trends, for example, in East Asia and sub-Saharan Africa, are a function of the policy and institutional reforms im-plemented in the countries that make up those regions. Role of modern economics is to identify the policy and the institu-tional reforms that are capable of attacking poverty Or put differently, as the argument cuts both ways, we want to iden-tify policy and institutional choices that keep countries or regions poor. Backwardness and poverty do not have to be taken as a fact of life. There is real scope to confront them and over reasonable time peri-ods. Period of huge potential - major role for economic policy analysis Development Economics, LSE Summer School 2007 6...
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