Skip to main content
padlock icon - secure page this page is secure

Attaining the Millennium Development Goals: the role of macroeconomic policies

Buy Article:

$41.82 + tax (Refund Policy)

Purpose ‐ The purpose of this paper is to shed some light on the role of macroeconomic policy-mix in achieving the Millennium Development Goals (MDGs), especially the goal of poverty reduction. Design/methodology/approach ‐ The paper employs descriptive approach and provides an analytical narrative of historical experience. Findings ‐ It is argued that macroeconomic policy-mixes pursued by many developing countries as part of conditions to receive support from international financial institutions and the donor community have been largely restrictive. They have failed, in most cases, to generate high enough growth to have significant impacts on poverty reduction. The poverty reducing impact of growth has also been weakened by the rise in inequality due to associated policy reforms promoting market liberalization and deregulation. Practical implications ‐ The paper argues in favor of using full and productive employment, which is one of the core MDGs, as the goal of macroeconomic policies. Originality/value ‐ The paper argues that there should be refocusing of macroeconomic policies to align with MDGs.
No Reference information available - sign in for access.
No Citation information available - sign in for access.
No Supplementary Data.
No Article Media
No Metrics

Keywords: Economic growth; Full employment; Inflation targeting; Macroeconomic policies; Macroeconomic stability; Macroeconomics; Millennium Development Goals; Poverty; Structural adjustment

Document Type: Research Article

Publication date: October 18, 2011

  • Access Key
  • Free content
  • Partial Free content
  • New content
  • Open access content
  • Partial Open access content
  • Subscribed content
  • Partial Subscribed content
  • Free trial content
Cookie Policy
Cookie Policy
Ingenta Connect website makes use of cookies so as to keep track of data that you have filled in. I am Happy with this Find out more