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Are Millennium Goals of Poverty Reduction Useful?

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  • Raghav Gaiha

Abstract

Millennium goals aim to halve poverty in developing countries by 2015. As a distinction is not drawn between the persistently and transiently poor, there is a risk that strategies designed to accelerate growth to achieve the desired reduction in an overall index of poverty may be preferred to those that benefit the persistently poor. Besides, in the absence of a disaggregation of these goals into rural and urban components, rural poverty reduction may not get the priority it deserves. Finally, the feasibility of the millennium goals is not plausible. While the growth rates required for achieving these goals do not differ much from those recorded in recent years, their sustainability is not self-evident. Moreover, as income inequality has increased in recent years, the poverty reduction due to a given growth rate is lower. But these goals are nevertheless useful in drawing attention to pervasive deprivation in developing countries, and to the need for a determined and co-ordinated effort by the development community in reducing it substantially in the not-too-distant future.

Suggested Citation

  • Raghav Gaiha, 2003. "Are Millennium Goals of Poverty Reduction Useful?," Oxford Development Studies, Taylor & Francis Journals, vol. 31(1), pages 59-84.
  • Handle: RePEc:taf:oxdevs:v:31:y:2003:i:1:p:59-84
    DOI: 10.1080/1360081032000047195
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    References listed on IDEAS

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    1. Jeffrey D. Sachs & Andrew M. Warner, 1995. "Economic Convergence and Economic Policies," NBER Working Papers 5039, National Bureau of Economic Research, Inc.
    2. Stefan Dercon & Krishnan Pramila, 1998. "Changes in Poverty in Rural Ethiopia 1989-1995: Measurement, Robustness Tests and Decomposition," Working Papers of Department of Economics, Leuven 501299, KU Leuven, Faculty of Economics and Business (FEB), Department of Economics, Leuven.
    3. repec:pri:rpdevs:deaton_tarozzi_prices_poverty.pdf is not listed on IDEAS
    4. Collier, Paul & Dollar, David, 2001. "Can the World Cut Poverty in Half? How Policy Reform and Effective Aid Can Meet International Development Goals," World Development, Elsevier, vol. 29(11), pages 1787-1802, November.
    5. Haddad, Lawrence & Kanbur, Ravi, 1990. "How Serious Is the Neglect of Intra-Household Inequality?," Economic Journal, Royal Economic Society, vol. 100(402), pages 866-881, September.
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    Cited by:

    1. Pedercini, Matteo & Barney, Gerald O., 2010. "Dynamic analysis of interventions designed to achieve millennium development goals (MDG): The case of Ghana," Socio-Economic Planning Sciences, Elsevier, vol. 44(2), pages 89-99, June.
    2. Katsushi Imai & Raghav Gaiha & University of Delhi, 2003. "Millennium Development Goals, Agricultural Growth and Openness," Economics Series Working Papers 161, University of Oxford, Department of Economics.
    3. Michiel Keyzer & Lia Wesenbeeck, 2007. "The Millennium Development Goals, How Realistic are They?," De Economist, Springer, vol. 155(1), pages 139-139, March.
    4. R Gaiha & K Imai & M A Nandhi, 2005. "Millennium Development Goal of Halving Poverty in Asia and the Pacific Region: Progress, Prospects and Priorities," Economics Discussion Paper Series 0507, Economics, The University of Manchester.
    5. Felipe, J., 2003. "Sustainable development: a comment," Estudios de Economia Aplicada, Estudios de Economia Aplicada, vol. 21, pages 575-581, December.
    6. R Gaiha & K Imai, 2005. "Do Institutions Matter in Poverty Reduction? Prospects of Achieving the MDG of Poverty Reduction in Asia," Economics Discussion Paper Series 0506, Economics, The University of Manchester.

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