A macro policy for poverty eradication through structural change

A macro policy for poverty eradication through structural change

Shifting the focus of development policy

This paper aims to shift the focus of development policy by relocating poverty eradication processes within the growth sector. It also emphasises the need to empower the poor to participate in the market on equitable terms as the privileged segments of society. The author argues that structural poverty restricts the poor to the informal sector and suggests that a credible poverty eradication agenda is one that would address structural injustices. He advocates for policy interventions that take social, political as well as economic reform into account at the macro-level, hence the term macro-policy, as opposed to macoeconomic policy. [adapted from author]