Economists increasingly agree on the nature of the development and
social policies needed to halve poverty over the next ten years. A
similar convergence is nowhere in sight in the case of
macroeconomic policies. Disagreements in this area remain
significant, exacerbated by rising financial instability and a
string of banking and currency crises that impacted negatively on
poverty, growing macro imbalances in some industrialized countries
and the rapid development of difficult-to-regulate international
financial markets. This volume presents a pro-poor macroeconomic
policy allowing countries to recapture policy space, help promote
growth, reduce inequality and diminish poverty in a sustainable
way.
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