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Millennium Development Goal of Halving Poverty in Asia

Progress, Prospects and Priorities

University of Delhi, India

Katsushi Imai

University of Manchester, UK, Katsushi.Imai{at}manchester.ac.uk

Mani Arul Nandhi

University of Delhi, India

This article assesses the prospects of achieving the Millennium Development Goal of halving income poverty in Asia, and identifies policy priorities. The main findings are: (1) in East Asia, the actual growth rate exceeds that required to achieve this goal, while in South Asia, it falls short of the required rate; (2) the required rates of agricultural growth are, however, higher than the actual in both East Asia and South Asia; (3) moderate growth and reduction of income inequality will have a substantial poverty reduction impact; and, finally, (4) even modest improvements in institutional quality will reduce poverty substantially through higher incomes.

Key Words: growth • inequality • institutions • openness • poverty

Journal of Asian and African Studies, Vol. 44, No. 2, 215-237 (2009)
DOI: 10.1177/0021909608101411


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