CONTENTS

Economic Perspectives

An Electronic Journal of the U.S. Department of State, Vol. 6, No. 3, September 2001

(revised March 2002)

Focus Commentary Facts and Figures Information Resources

ADDRESSING GLOBAL POVERTY

FOCUS

COMBATING GLOBAL POVERTY
By Paul O'Neill, U.S. Secretary of the Treasury
The U.S. Secretary of the Treasury believes the international community can do a better job in combating global poverty. He urges greater attention be placed on helping countries to become more productive. Updated article.

THE U.S. CONTRIBUTION TO GLOBAL AGRICULTURE AND FOOD SECURITY
By Ann M. Veneman, U.S. Secretary of Agriculture
Alleviating hunger requires programs and policies that open up markets to agricultural trade, improve infrastructure and transportation systems, define property rights of small-scale farmers, provide safety nets to the most vulnerable groups, and, in the long run, achieve broad-based economic growth and income generation. Updated article.

ALLEVIATING POVERTY AND HUNGER IN THE 21ST CENTURY
By Andrew S. Natsios, Administrator, U.S. Agency for International Development
With 80 percent of financial flows to the developing world now coming from private sources, USAID is changing the way it does business, focusing on public-private partnerships, economic growth, agriculture, trade, health, democracy, conflict resolution and humanitarian assistance. Updated article.

FREEING TRADE TO COMBAT POVERTY
By Alan Larson, Under Secretary for Economic, Business and Agricultural Affairs, U.S. Department of State
Trade liberalization can be a powerful tool in fostering development and reducing global poverty. Free trade lowers the cost of basic necessities, discourages corruption, and allows democracy to grow, leading to a better quality of life, especially for the poor. Updated article.

COMMENTARY

ENDING MASS POVERTY
By Ian Vˇ¦quez, Director, Project on Global Economic Liberty, Cato Institute
Economic growth is the only path to end mass poverty. Extending the system of property rights protection to include the property of poor people would be one of the most important poverty reduction strategies a nation could take.

GRANTS FOR THE WORLD'S POOR: MORE HELP, SAME COST
By Adam Lerrick, Director, The Gailliot Center for Public Policy, and Professor of Economics, Carnegie Mellon University
The multilateral development banks should provide grants, not loans, to the impoverished nations of the world. Such grants would not deplete World Bank resources nor would they require additional funding from donor countries.

WORKING FOR A BETTER GLOBALIZATION
By Horst Kˇ¦ler
Managing Director, International Monetary Fund

There is no question that the IMF, the World Bank, and other donors will need to provide better-coordinated technical assistance to support poverty reduction strategies in Africa. Updated article.

DEMOCRACY, GOVERNANCE, AND THE MARKET
By John D. Sullivan, Executive Director, Center for International Private Enterprise
Government institutions and self-regulating organizations must play key roles in ensuring that rules are fair, apply to all, are transparent, and are enforced. The business community must do its part by eliminating the corruption that is so devastating to economic growth and poverty reduction. Updated article.

RURAL AND URBAN POVERTY: UNDERSTANDING THE DIFFERENCES
By David Satterthwaite, Director, Human Settlements Programme, International Institute for Environment and Development
Definitions of poverty based on income levels don't reflect the many forms of deprivation that factor into rural and urban poverty, with the result that nations and multilateral organizations underestimate how many people live in poverty and in what conditions.

REMITTANCES AS A DEVELOPMENT TOOL
By Susan F. Martin, Director, Institute for the Study of International Migration, Georgetown University
Remittances are having a far greater positive impact on developing country economies than previously acknowledged. Each dollar remitted is producing additional dollars in economic growth for the businesses that produce and supply products bought with these resources.

FACTS AND FIGURES

POVERTY INDICATORS

LISTING OF COUNTRIES BY INCOME GROUP

DEVELOPMENT ASSISTANCE AND WHERE IT GOES

WORKERS' REMITTANCES

INFORMATION RESOURCES

KEY CONTACTS AND INTERNET SITES

ADDITIONAL READINGS ON POVERTY

Economic Perspectives

An Electronic Journal of the U.S. Department of State

Volume 6, Number 3, September 2001

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Editor

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Martin Manning

 

Bruce Odessey

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