wider_0106 - World Institute for Development Economics...

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World Institute for Development Economics Research United Nations University T he 2006-2007 WIDER research programme presents 12 research projects grouped into three thematic areas, each of which falls within the overall UNU thematic area of Globalization, Social and Human Development. Poverty, Inequality, and Human Development The achievement of poverty reduction in part depends on the extent of inequality, and inequality is an important issue in its own right given its impact on social stability, macro-economic stability, and economic growth. Since non-monetary measures of well-being are critical, the wider issue of human development is also important. Deep methodological problems remain in measuring poverty, inequality, and human development and in assessing their impact on development and economic growth more broadly. Projects within this theme will take account of the Millennium Development Goals. Globalization, Finance, and Growth The increasing turbulence of the global economy, as well as the increasing role of trade and external Fnance in development, raises major difFculties for the developing world, particularly the poorer countries. The global dimensions of development require cross-country research so that lessons learned can be transferred across regions, particularly best-practices in the areas of trade, Fnance, investment, and other international policy areas. New Initiatives in Development Economics This programme traditionally acts as an instrument for the Institute to conduct small-scale projects on topics of immediate policy importance, to experiment with the application of new analytical techniques to development issues, and to build new research ideas that may then constitute the basis of larger projects in the main programme. Details on current and past research projects: www.wider.unu.edu 2006-2007 WIDER Research Programme Where is the Wealth of Nations? by Kirk Hamilton C an poverty reduction be sustained? The end of the twentieth century saw a renewed commitment to ending poverty embodied in the Millennium Development Goals. However, deep concerns remained that current rates of depletion and degradation of natural resources may undermine any progress to date. Achieving sustainable outcomes will require sustaining the total wealth—produced, human, institutional, and natural—on which development depends. A 2006 World Bank publication, Where is the Wealth of Nations? Measuring Capital for the 21 st Century approaches the problem of sustainable poverty reduction from two angles: What is the composition of national wealth? And how rapidly is it being accumulated? The latter question is the key to sustainability. There are no sustainable diamond mines, but there are sustainable diamond-mining countries. Implicit in this statement is the assumption that
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This note was uploaded on 02/02/2012 for the course HIST 101 taught by Professor Wormer during the Fall '08 term at Boise State.

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wider_0106 - World Institute for Development Economics...

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