21131. Response to Kanbur - 2
- Author:
- Amy Damon
- Publication Date:
- 08-2010
- Content Type:
- Journal Article
- Journal:
- Macalester International
- Institution:
- Macalester College
- Abstract:
- Economic development theory and practice have been both highly contentious and vigorously debated over the past several decades. The debate ignites passion from civil society, academics, development professionals, communities in the Global South, and owners of global capital, all of whom, at times, disagree as to how to reduce global poverty, decrease inequality, and promote the equitable distribution of resources. For many years, development professionals have been looking for a “magic bullet” to achieve poverty reduction. Some serious candidates include international trade, foreign aid, and economic growth, or a combination of the three. However, after more than a half a century of effort, almost half the world still lives on less than $2.50 per day, and stark inequality and poverty persist.