Paths Out of Poverty : The Role of Private Enterprise in Developing Countries
Following on the work of previous, recent publications - Voices of the Poor, and the World Development Report 2000/01 - this report provides missing mechanisms by which people, and countries emerge from poverty, arguing that income, results to the...
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| Language: | English en_US |
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Washington, DC
2013
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| Online Access: | http://documents.worldbank.org/curated/en/2000/01/1671230/paths-out-poverty-role-private-enterprise-developing-countries http://hdl.handle.net/10986/14041 |
| Summary: | Following on the work of previous,
recent publications - Voices of the Poor, and the World
Development Report 2000/01 - this report provides missing
mechanisms by which people, and countries emerge from
poverty, arguing that income, results to the extent that
democracy, opportunity, and other positive factors encourage
the productive units in the economy, i.e., private
enterprises. It focuses on the sources of economic, and
social mobility that lift people out of poverty:
competition, deregulation, liberalization, and open trade,
forces that weaken the nexus of privilege, that perpetuate
poverty in many countries. Private enterprise as an engine
of upward mobility, requires the proper support from the
state, though extreme views - both the Marxist view of
capitalist firms, and the extreme neoclassical model of a
level playing field that makes lobbying ineffective - are
clearly off base. Rather, the report reviews doing business
and reducing poverty, based on the rule of law, and the
establishment of sound economic policies. As well,
innovations, supported by an adequate infrastructure, and
the right privatization, and deregulation process, are
factors conducive to sustainable economic expansion. |
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