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The author studies the links between macroeconomic adjustment and poverty. First, he summarizes some of the recent … evidence on poverty in the developing world. Second, he reviews the various channels through which macroeconomic policies … wages, employment, and poverty. Fourth, he presents cross-country regressions linking various macroeconomic and structural …
Persistent link: https://www.econbiz.de/10012559558
Important differences exist between communities with respect to their needs, capacities, and circumstances. As central governments are not able to discern these differences fully, they seek to achieve their policy objectives by relying on decentralized mechanisms that use local information....
Persistent link: https://www.econbiz.de/10012559768