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Redistribution, Growth and Welfare Responsibility for achieving the goal of cutting global poverty rates in half lies Frmly at the door of domestic governments. Aid and debt reduction to play limited role. Advantages of economics evidence based approach it provides a consistent and common theoretical framework within which we can evaluate policy and institutional reforms it is able to provide some quantiFcation of the effects of various mea- sures advances in theoretical and empirical political economy provide a
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Unformatted text preview: basis for encompassing an agenda that puts more weight on institu-tional change • deliver a better understanding of the micro-economic processes that generate income growth. The kind of evidence currently being built by micro-economic research at the sub-national level will doubtless be the most persuasive and credible advice to policy makers in the decade to come. But it is clear that, when it comes to halving global poverty, there is no magic bullet. Development Economics, LSE Summer School 2007 20...
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