This document sets out a new method for assessing the implications of public expenditure cuts for income distribution. The instrument is a social accounting matrix providing the appropriate conceptual framework for estimating all the direct and indirect effects of changes in any given category...

At the 2000 Lisbon summit, the European Union formulated the ambition to transform itself into "the most competitive and dynamic knowledge-based economy in the world capable of sustainable economic growth with more and better jobs and greater social cohesion'. It is remarkable that, until...

This innovative and important book develops a new framework for analysing exchange that takes place within and outside markets over the course of development.

This paper consists of four parts following an introduction. Section 2 analyzes and describes the main channels (transmission mechanisms) through which the process of globalization affects poverty directly and indirectly. Section 3 reviews the major effects of globalization on the Latin American...

The purpose of this paper is to present a framework explaining why different types of transactions occur in different settings ? particularly in developing countries. The approach we propose is based on a new concept which we call ?exchange-configuration?. The latter consists of three building...

The combination of initial endemic poverty, high inequality and low growth has been a major obstacle to the achievement of poverty reduction and, more generally, overall socio-economic development in much of the African sub-continent. The rich contributions to a better understanding of pro-poor...