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Document Type

Conference Paper

Publication Date

9-3-2007

Conference Name

Economic Development and Poverty Alleviation” at the International Forum held by Institute of Strategic and International Studies (ISIS)

Conference Location

Kuala Lumpur, Malaysia

Conference Dates

September 3,2007

Series

Faculty Research - Book Chapters and Conference Papers

First Page

1

Last Page

6

Keywords

Economy, Poverty, Development, OIC, Strategies, OIC countries

Abstract / Description

I would like to address four questions this morning: a) What are the lessons from the broader international experience in respect to poverty alleviation? b) What is the extent, magnitude and concentration of poverty incidence in OIC countries? c) What should be the strategy for poverty alleviation in light of the Makkah Summit declaration? d) What are the features of this strategy that distinguish it from other similar initiatives? Lessons from international experience There is by now a rich literature full of empirical evidence that documents the successes, failures, reversals and slippages of economic development and its impact on poverty alleviation in the development countries. A few lessons can now be extracted from this fifty year record of economic development. The board lessons can be summarized as flows: First, rapid rates of growth over a sustained period of time, are necessary, though not sufficient, for poverty reduction. Complementary policies have to be put in place for bringing about the synergies between growth and poverty reduction.

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