By Shahid Javed Burki, Sri-Ram Aiyer, Rudolf Hommes
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Extra resources for Annual World Bank Conference on Development in Latin America and the Caribbean, 1996: poverty and inequality, proceedings of a conference held in Bogotá, Colombia
I now come to my second stop in my tour of the recent literature on inequality and economic development. Another thing we have learned during the 1980s is that, contrary to what was once thought, there is no systematic relationship between income inequality and the level of development. More interestingly, however, we seem now to be able to rationalize how the equality of the distribution of income and other resources may affect positively the long-run rate of growth of an economy. Although these are for the moment only tentative hypotheses, I believe they are important because they could possibly change radically the way to think about redistribution issues in a growth context.
See Bourguignon, 1996, for a survey. Page 7 Opening Statement: Dismantling the Populist State Shahid Javed Burki Good morning, ladies and gentleman. I am delighted to have the oppourtunity to welcome you all to the Second Annual Bank Conference on Development in Latin America and the Caribbean: ABCD-LAC, for short. You will recall that we inaugurated this series of conferences last year in Rio de Janeiro, Brazil. The theme of the conference last year was a broad one. It dealt with the structural changes that had occurred in the countries of the region over the last several years, the reforms that needed to be pursued with vigor and determination, and the opportunities that were available to the countries of the region for increasing the rate of growth of their economies.
If it is this simple, why has nothing more effective been done to reduce poverty? In the first place, because we are only now beginning to understand the problem in Colombia. It is only in very recent years that professionals of the highest technical level have dedicated themselves to understanding the problems of poverty in Colombia and the link the solutions will have with a focused and effective social-spending policy. This is the reason for the importance of this seminar and of the most recent studies on poverty in Colombia.
Annual World Bank Conference on Development in Latin America and the Caribbean, 1996: poverty and inequality, proceedings of a conference held in Bogotá, Colombia by Shahid Javed Burki, Sri-Ram Aiyer, Rudolf Hommes