Women in poverty selling bananas for dollars. World Bank Photo Collection/Flickr
en English

Pro-Growth is Not Pro-Poor

"Pro-growth is pro-poor” has been the informal slogan of the World Bank and the IMF for decades, resulting in 35 years of neoliberal economic policies. Their programs yielded modest growth at best; what they did succeed in boosting was poverty, inequality, and social protest.

COLLEGE PARK, MARYLAND – Zia Qureshi recently argued that economic growth is the way out of inequality – and, by extension, poverty. In Qureshi’s view, more direct redistributive policies are too “controversial and divisive.” In fact, there is ample reason to believe that the world will never grow its way out of inequality and poverty, and that redistribution is our only hope for greater social justice.