Table of Contents

Global Development and Poverty Reduction

Global Development and Poverty Reduction

The Challenge for International Institutions

International Institutions and Global Governance series

Edited by John-ren Chen and David Sapsford

At the beginning of the third millennium, underdevelopment and poverty continue to remain critical problems on a global scale. The purpose of this volume is to explore the various ways in which the institutions of the global economy might rise to the challenges posed by the twin goals of increasing the pace of global development and alleviating poverty.


Karl Socher

Subjects: development studies, development economics, economics and finance, development economics, international economics


Karl Socher When the international institutions were created at the Bretton Woods conference at the end of World War II, the most important aims had been to help reconstruction after the war and to create a framework for economic stability, development and growth. Growth and development are necessary (but not sufficient) conditions for reducing poverty, so this aim had already been included in the goals of Bretton Woods institutions at their foundation. However, the aim of reducing poverty had not originally played the central role in the process of developing the strategies of the international institutions because it was believed that, included in the aim of reconstruction and development, economic growth in these war-torn and underdeveloped countries would be a basis to diminish both poverty and also the difference in per capita income between the poor and the rich countries. But in reality these aims have not been reached sufficiently. Therefore the issue of poverty reduction has risen to become a primary goal of international institutions. The aim of the third CSI conference was to discuss the controversial questions raised by critical economists in academia and non-governmental organizations (NGOs) about the effective strategies for fighting poverty. The contributions in this book are organized in three parts as follows: 1. The first part deals with general issues about the role of international institutions in economic growth and raising the standard of living in developing countries; The second part looks into the role of particular international institutions in poverty reduction;...