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According to the model, a development strategy must then also be based on income growth and income inequality. [1] [2] The Poverty-Growth-Inequality Triangle model was created by François Bourguignon, the former Chief Economist (2003-2007) of the World Bank.
LED in South Africa: pro-poor vs. pro-growth [ edit ] Many LED interventions in South Africa have taken a direct pro-poor intervention, leading to questions regarding whether this approach is more effective in terms of poverty relief than the spin-offs of more pro-growth focused endeavours.
Pro-poor growth; People centered development; Decent work [35] The International Labour Organization, which covers both issues of social security and labor protection, has been the United Nations agency responsible for setting norms and standards at work. Currently the ILO focuses, amongst others, on the following strategies:
In addition to engendering poverty and poverty interventions, a correlation between greater gender equality and greater poverty reduction and economic growth has been illustrated by research through the World Bank, suggesting that promoting gender equality through empowerment of women is a qualitatively significant poverty reduction strategy.
The poor consequently must live much worse, and many of them are reduced to severe distress. [20] Finally, Malthus advocated for the education of the lower class about the use of "moral restraint" or voluntary abstinence, which he believed would slow the growth rate. [21]
The Washington Consensus as formulated by Williamson includes provision for the redirection of public spending from subsidies ("especially indiscriminate subsidies") toward broad-based provision of key pro-growth, pro-poor services like primary education, primary health care and infrastructure investment. This definition leaves some room for ...
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Poverty Reduction Strategy Papers (PRSPs) are documents required by the International Monetary Fund (IMF) and World Bank before a country can be considered for debt relief within the Heavily Indebted Poor Countries (HIPC) initiative. [1] [2] PRSPs are also required before low-income countries can receive aid from most major donors and lenders. [2]