Includes bibliographical references and index.

Machine generated contents note: pt. I Poverty, National Income, and Economic Growth -- ch. 1 Poverty and How We Measure It -- Poverty and Well-Being -- Measuring Poverty -- Collecting Data -- Household Surveys and National Accounts -- Conclusion -- Note -- Bibliography -- ch. 2 National Income and How We Measure It -- Macroeconomic Sectors -- Macroeconomic Concepts -- Determining Gross Domestic Product -- The Business Cycle -- The Balance of Payments -- Some Basic Accounting Relationships -- Conclusion -- Notes -- Bibliography -- ch. 3 Growth, Poverty, and Inequality: An Overview -- Growth Theory, Then and Now -- Institutions and Modern Growth Theory -- Economic Growth and Poverty Reduction -- Variations in Poverty Responses to Growth -- Pro-Poor Growth -- Conclusion -- Note -- Bibliography -- pt. II Government Policy, Growth, and the Poor

Ch. 4 Government and the Economy -- Focus on Fiscal Policy -- The Role of Government in the Economy -- Fiscal Policy: Taxing and Spending -- The Uses of Fiscal Policy -- Conclusion -- Note -- Bibliography -- ch. 5 Monetary Policy, Inflation, and Exchange Rates -- Definitions and Concepts -- Inflation -- Inflation and Economic Growth -- Inflation and the Poor -- Exchange-Rate Policy -- Conclusion -- Notes -- Bibliography -- ch. 6 Financial Development -- Financial Development and Economic Growth -- Four Decades of Financial Sector Reform in Developing Countries -- Financial Development and Poverty Reduction -- Widening Access to Financial Services -- Microfinance and the Poor -- Emigrant Remittances -- Conclusion -- Notes -- Bibliography -- ch. 7 Development Assistance -- Aid Sources and Trends -- Aid in the Context of Overall Capital Flows -- Does Aid Spur Economic Growth? -- Ensuring That More Aid Means More Growth

International Initiatives to Improve the Effectiveness of Aid -- Conclusion -- Annex The Five Principles of the Paris Declaration on Aid Effectiveness -- Notes -- Bibliography -- ch. 8 External Debt -- Measures of External Indebtedness -- External Indebtedness, Growth, and Poverty -- Debt Relief and Low-Income Countries -- Debt Relief versus Development Assistance -- Conclusion -- Notes -- Bibliography -- ch. 9 Trade Policy -- The Rationale for Trade -- Trade Barriers -- Trade and Economic Growth -- Trade, Inequality, and the Poor -- Conclusion -- Bibliography -- pt. III Factor Accumulation and Structural Policy -- ch. 10 Institutions and Growth -- Measures of Institutional Quality -- Institutions and Economic Growth -- Social Capital and Culture -- Conclusion -- Notes -- Bibliography -- ch. 11 Education -- Education, Growth, and Poverty Reduction -- Global Education Initiatives -- Development Assistance for Education -- What Do We Know about Educational Policy? -- Conclusion -- Notes -- Bibliography

Ch. 12 Health -- Macroeconomics and Health -- Health and Economic Growth -- Macroeconomic Policy and Health -- Beyond GDP -- Investing in Health -- Global Health Initiatives -- Conclusion -- Notes -- Bibliography -- ch. 13 Labor Markets -- Labor-Friendly Economic Growth -- Labor Markets in Developing Countries -- Conclusion -- Notes -- Bibliography -- ch. 14 Land and Agriculture -- Land Distribution in Poor Countries -- Land Inequality and Rural Poverty -- Land Inequality and Economic Development -- The Role of Government in Land Markets -- The Role of Agriculture in Reducing Rural Poverty -- Conclusion -- Notes -- Bibliography -- ch. 15 Technology, Entrepreneurship, and Productivity -- Total Factor Productivity -- Spending on Research and Development -- Technology Diffusion and Adoption -- Information and Communication Technology -- Are Entrepreneurship and Growth Linked? -- Entrepreneurial Activity arid Growth -- Policy Implications -- Conclusion -- Notes -- Bibliography

Ch. 16 Urbanization and Growth -- Trends in Urbanization -- Urbanization and Growth -- Urbanization and Poverty -- Key Issues in Urbanization -- Conclusion -- Notes -- Bibliography -- ch. 17 Corruption and Poverty -- Detection and Measurement of Corruption -- Analytical Framework for the Study of Corruption -- Causes of Corruption -- Costs and Benefits of Corruption -- Impact of Corruption on Economic Performance -- Persistence of Corruption -- Conclusion -- Note -- Bibliography -- ch. 18 Regulation and Economic Growth -- Product-Market Regulation -- Labor Regulation -- Regulation and the Private Sector -- Financial Regulation -- Policy Lessons from the Recent Crisis -- Regulation and Reform of the Infrastructure Sector -- Impact of Regulation on Growth and Informality -- Conclusion -- Notes -- Bibliography -- ch. 19 Shocks, Volatility, and Growth -- Avoiding Economic Downturns -- Interdependence of North and South -- The Synchronized Movement of Developed and Developing Countries

The Complexity of North-South Links -- Monetary Policies and Capital Flows -- North-South Capital Flows -- Globalization, Volatility, and Growth -- The Financial Crisis of 2008 and Global Growth -- Growth Booms -- The Microeconomic Foundations of Growth -- Conclusion -- Notes -- Bibliography -- ch. 20 The Politics of Growth and Poverty -- Political Power and Economic Institutions -- Economic Origins of Political Regimes -- Do Democratic Countries Grow Faster than Dictatorships? -- The Interplay of Politics and Economics -- Conclusion -- Notes -- Bibliography -- ch. 21 Climate Change and the Wealth of Nations -- National Wealth and Genuine Saving -- Consumption Saving, and a Counterfactual to the Hartwick Rule -- How Does Natural Capital Affect Well-Being? -- High Carbon, High Growth -- Mitigation of and Adaptation to Climate Change -- Conclusion -- Annex Empirical Evidence of the Causes of Growth -- Notes -- Bibliography.

Program of Development Studies