China and India are the two most extraordinary economic success stories of the developing world. Both the economies have grown dramatically over the past few decades, elevating them from two of the world's poorest countries into projected economic superpowers. As a result, the number of people living in poverty have rapidly fallen and per capita incomes in China and India have quadrupled and doubled, respectively. This book investigates how the dynamics in the ...
Public Expenditures, Growth and Poverty assesses the efficacy of poverty-reduction spending in Asia, Africa, and Latin America by synthesizing studies conducted by the International Food Policy Research Institute over the past ten years. Overall, the studies find that investments in agricultural research, infrastructure, and human capital are beneficial in the long term, while food aid and poverty-reduction programmes have little utility beyond immediately ...