This paper reviews the extraordinary reduction of poverty in China over the past 40 years. It records the key economic and poverty-specific reforms that fueled the rapid growth that enabled more than 800 million people to exit extreme poverty and documents a chronology increasingly targeted...

In this paper we assess the IMF approach to economic reform in developing countries. The impact of IMF program participation on economic growth has been evaluated empirically in a cross-country literature, with little evidence of IMF programs having been successful. This suggests that a fresh...