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| Author: | Birdsall, N. Londono, J. L. |
| Title: | Asset inequality matters: An assessment of the World Bank's approach to poverty reduction |
| Journal: | American Economic Review
1997 : MAY, VOL. 87:2, p. 32-37 |
| Index terms: | WORLD BANK POVERTY ASSETS INEQUALITY |
| Language: | eng |
| Abstract: | The fight against poverty has been adopted by the multilateral development banks as their principal objective. The World Bank's new president has reiterated that poverty reduction is the World Bank's principal purpose. Similarly, in 1994 the Inter-American Development Bank set social progress and social equity its central object. The contrast between the multilateral banks' goals and the disappointing results suggests the need for a critical reasessment of their approach to poverty reduction. This paper describes the approach reflected in the work of World Bank economists and, based on new empirical work, assesses its relevance for Latin America. |
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