Although the term globalization still awaits a globally agreed definition, it is commonly used in different walks of life like academia, politics, media and policy makers etc. It may be termed ‘all for good and good for all', or exactly opposite ‘all for sin and sin for all', reality reckons...

This chapter reviews the theory of the voluntary public and private redistribution of wealth elaborated by economic analysis in the last forty years or so. The central object of the theory is altruistic gift-giving, construed as benevolent voluntary redistribution of income or wealth. The theory...

La reducción de la pobreza, que afecta a más de un tercio de la población en América Latina y el Caribe, es un objetivo prioritario de las políticas públicas. A partir de un breve diagnóstico de la pobreza, este artículo discute los elementos de una estrategia integral para reducirla,...

Síntesis El gobierno de Humala se instaló en el año 2011 con el objetivo de combatir la exclusión social. ¿Hasta qué punto ello se ha logrado? Según las cifras oficiales del INEI, 450,842 personas han dejado de ser pobres entre el 2011 y 2012, pero en términos monetarios. Esto quiere...

The Olivia framework is a set of concepts and measures that, when mature, will allow users to describe, in a consistent and integrated manner, everything about individuals and institutions that is of potential interest to social policy. The present paper summarizes the current stage of...

It is widely held that under ordinal utility, utility differences are ill-defined. Allegedly, for these to be well-defined (without turning to choice under risk or the like), one should adopt as a new kind of primitive quaternary relations, instead of the traditional binary relations underlying...

We consider abstract social systems of private property, made of n individuals endowed with non-paternalistic interdependent preferences, who interact through exchanges on competitive markets and Pareto-efficient lumpsum transfers. The transfers follow from a distributive liberal social contract...

Economic growth and poverty reduction require for a country to establish efficient rules for economic and political transactions. Poor countries suffer from inadequate, inefficient transaction rules. Formal rules (e.g., laws, policies) must be nested in hospitable behavioural norms and values....

Bangladesh has achieved notable progress in poverty reduction including reduction in extreme poverty since 1990. Still a good proportion of the people in the country are living in extreme poverty and suffering from various kinds of deprivation and marginalization. It is therefore important to...