In this paper, I would like to outline an approach to public policy that is focused on fighting poverty and is based on an understanding of growth and development. Such a public policy requires answering two key questions. First, what are the key determinants of a development that benefits poor...

The embarrassing living conditions of more than one billion poor people in developing countries in combination with the increasing gap of living standards between the poor and the rich, has provided a strong motivation for development policy to change this situation. From its beginning, policy...