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Social Investment and Economic Growth

By Patrick Watt
ISBN: 9780855984342
This book argues with examples that absolute poverty is not an inevitable consequence of economic growth, that equitable economic growth is necessary to secure the eradication of poverty,and that the benefits of economic growth need to be invested in developing socio-political structures that can foster sustainable democracy and accountability.

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  • Synopsis
    This book argues with global examples that absolute poverty is not an inevitable consequence of economic growth, and that equitable economic growth is necessary to secure the eradication of poverty. The author contends that the benefits of economic growth need to be invested in developing social and political structures that can foster sustainable democracy and accountability and develop a mature civil society. Without such structures underpinning it, economic growth is unsustainable. To achieve the goal of development for all, labour-intensive growth must be accompanied by public investment in basic universal social services. With examples drawn from East Asia, sub-Saharan Africa, Patrick Watt offers detailed and realistic plicy recommendations for using wealth creation to meet the needs of those - one quarter of ther worlds population - who survive on less than one dollar a day. This book is one of a series which presents evidence that supports and develops advocacy work of Oxfam on behalf of poor communities.
  • Table of Contents
    Acknowledgements
    Introduction
    Chapter 1 Growth, equity, and poverty eradication
    Growth, poverty, and equity
    The role of distribution in poverty eradication
    The relationship between inequality and growth
    Chapter 2 Social investiment
    Getting the fundamental right
    Problems with the market in social provision
    Social provision: access, quality, and equity
    Distribution is the key
    Raising demand for social provision
    Social provision: policy guideliness for equity , poverty reduction, and growth
    Chapter 3 Livelihoods
    Labour, equity, and poverty eradication
    Urbanisationand the changing face of poverty
    Rural livelihoods and poverty eradication
    Globalisation: new pressures on livelihoods
    Livelihhods: policy guidelines for equity, poverty reduction, and growth
    Chapter 4 Policy recommendations for growth, equity, and poverty reduction
    Social investment
    Livelihoods
    Globalisation, poverty, and equity
    Notes
    Index.
  • Details
    Sub Title N/A
    Author Patrick Watt
    Editor No
    Number of Pages 128
    Format Paperback / softback