The Role of Government and the Private Sector in Fighting Poverty

No AccessWorld Bank Technical Papers12 Aug 2013The Role of Government and the Private Sector in Fighting PovertyAuthors/Editors: George Psacharopoulos, Nguyen Xua NguyenGeorge Psacharopoulos, Nguyen Xua Nguyenhttps://doi.org/10.1596/0-8213-3817-XSectionsAboutPDF (0.4 MB) ToolsAdd to favoritesDownload CitationsTrack Citations ShareFacebookTwitterLinked In Abstract:This report examines the relative roles of the private and public sectors in implementing a two-track strategy to reduce poverty. This strategy aims for sustaining broad-based economic growth that makes efficient use of labor, the main asset owned by the poor; and investing in people or human resources by ensuring access to basic social services of adequate quantity and quality. Evidence suggests that both these tracks have high pay-offs in terms of reducing poverty, i.e., both facilitate employment and raise the incomes of the poor, enabling them to participate in the economy ' s development. The authors conclude that the challenge for governments is to foster an environment that maximizes the economy ' s vitality and dynamism, by providing safety nets and certain required investments, and by letting the private sector do most of the rest. Some general guidelines about government roles and the private sector are embodied by three themes, namely, (1) improving the business environment by supporting macroeconomic stabilization and procedural, regulatory, and legal reforms; (2) restructuring the public sector by supporting redirecting public spending, and encouraging the private sector to compete in the delivery and financing of services; and (3) reforming the financial sector by supporting the development of efficient financial systems that mobilize savings and channel them to the most productive uses Previous bookNext book FiguresreferencesRecommendeddetailsCited byHow Social Marketing Contributed to Expanding Size of Overall Condom Markets in Ethiopia, Brazil, and IndonesiaSocial Marketing Quarterly, Vol.28, No.228 March 2022Sivil Toplum, Yönetişim ve KalkınmaLiberal Düşünce Dergisi20 March 2020Sources of health financing and health outcomes: A panel data analysisHealth Economics, Vol.27, No.1215 August 2018Power relationships and the formulation of anti-poverty policies in emerging countries: the case of PalestineJournal of International and Comparative Social Policy, Vol.31, No.19 March 2020The evolution of the social welfare system in P alestine: Perspectives of policymakers in the W est B ankInternational Journal of Social Welfare, Vol.23, No.124 January 2013The Effect of Fair Trade Affiliation on Child Schooling: Evidence from a Sample of Chilean Honey ProducersSSRN Electronic JournalIntroduction: The State and African DevelopmentThe effectiveness of government spending on education and health care in developing and transition economiesEuropean Journal of Political Economy, Vol.18, No.4Towards Poverty Reducing Macroeconomic Policies - Strategy PaperSSRN Electronic Journal View Published: March 1997ISBN: 978-0-8213-3817-9 Copyright & Permissions Related RegionsAfricaLatin America & CaribbeanRelated CountriesNigeriaRelated TopicsFinance and Financial Sector DevelopmentHealth Nutrition and Population KeywordsPRIVATE SECTORPOVERTY MITIGATIONHUMAN CAPITALEDUCATIONHEALTHNUTRITIONPOPULATIONSOCIAL SERVICESPRIVATE INVESTMENTSPUBLIC EXPENDITURESRESOURCES MOBILIZATIONGOVERNMENT ROLEEMPLOYMENTECONOMIC GROWTHHUMAN RESOURCES DEVELOPMENTFAMILIESFAMILY PLANNINGHOSPITALSINTERVENTIONMARKETINGPOLLUTIONSOCIAL SERVICESWASTEWORKERS PDF DownloadLoading ...