Book Review on Lukas Menkhoff (ed.) (2006): Pro-poor Growth: Policy and Evidence
in: African Development Perspectives Yearbook, No. 14, 2009
read publicationin: African Development Perspectives Yearbook, No. 14, 2009
read publicationin: African Development Perspectives Yearbook, No. 14, 2009
read publicationin: African Development Perspectives Yearbook, No. 14, 2009
Economic growth is a central concept in judging the progress of economic development. Since the early years of economic sciences, economists aim to explain the differences in the production of goods and services among economies. Economic policy focuses on economic growth as the basis for the well-being of nations. The simple idea is that the extension of the productive capacity and finally the increase of consumption possibilities in an economy is the basis of all policies aiming to increase a nation’s welfare. It is therefore not surprising that aims of development policy are often linked to specific economic growth targets. So the United Nation’s Millennium Development Goals are assumed only to be achieved if a certain level of economic growth can be reached.