Dissertation: Economic Growth cannot Reduce Poverty

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Dissertation: Economic Growth cannot Reduce Poverty

Economic Growth cannot Reduce Poverty

Economists believe that economic growth cannot reduce poverty, improve equality and produce jobs unless it is inclusive. Inclusive growth is essential for the achievement of the Millennium Development Goals (MDGs) over above other merited advantages. Indeed, political analysts and theorists concur that if the process globalization is successful – it is likely to become an essential ingredient for inclusive growth globally.

In this context, the United Nation Development Program (UNDP) works to make real improvements in people’s lives, opening up their choices and opportunities.

Indeed, the above historical overview of the poverty status in the world and the role played by the World Bank leaves the question of whether or not the Bank has failed unattended. The analysis of the Bank’s performance is essential for the purposes of making an unbiased judgment about the Bank’s Success.

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