This book explores issues related to poverty in South Asia in a two-pronged manner—by focusing on injustice created and perpetuated by the unjust nature of a social order as its source and by providing concrete suggestions about how policymakers may move to challenge these injustices.
Drawing on research inputs from studies across various South Asian countries, the book redefines poverty as a process which excludes certain segments of the society from equitable participation in development opportunities as well as decision-making. It further identifies a variety of operational ideas which can be used by policymakers, political activists, and civil society advocacy groups committed to build a more just, inclusive and poverty free society in South Asia.
Chapter 2: Prevailing Poverty Alleviation Strategies: A Review
Prevailing Poverty Alleviation Strategies: A Review
Global Perspectives on Poverty Alleviation
Changing Global Perspectives
At the beginning of the 1990s, the World Bank was arguing in its flagship publication, the World Development Report (WDR) (World Bank 1990), that rapid growth was the best solution for eradicating poverty in the developing countries (DCs). The policy advice of the Bretton Woods Institutions (BWI), the World Bank and the International Monetary Fund (IMF), strongly argued that growth-sustaining policy reforms, inspired by the Washington Consensus, supplemented by temporary safety nets for those who were most vulnerable, was expected to reduce the proportion of those living in poverty. Needless to say, the success story of the Asian Tigers as well as Chile, which had achieved both growth ...