Skip to main content
SpringerLink
Log in

The Wealth Creation Approach to Poverty Reduction

  • Chapter
  • First Online:
Wealth Creation Approach to Reducing Global Poverty

Abstract

There has been some amazing success in reducing global poverty for many of the people in the world in recent times. However, this increased prosperity has not reached everyone and there continues to be too many people living in poverty and not experiencing the improvements in quality of life which come with increased prosperity. Regions of the world where economic freedom has increased and integration into global value chains has taken place have increased wealth and reduced poverty to a greater extent than regions which have limited economic freedom and are more economically and socially isolated. The Wealth Creation Approach suggests economic freedom and economic integration are important in creating the wealth needed for substantial and sustained reductions in poverty.

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Log in via an institution
Chapter
USD 29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD 109.00
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD 139.00
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book
USD 129.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

References

  • Acemoglu, D., & Robinson, J. (2010). The role of institutions in growth and development. In D. Brady & M. Spence (Eds.), Leadership and growth (pp. 135–164). Washington, DC: World Bank.

    Google Scholar 

  • Acemoglu, D., & Robinson, J. (2012). Why nations fail. Danvers: Crown Business.

    Google Scholar 

  • Afonso, A., & Sousa, R. M. (2009). The macroeconomic effects of fiscal policy (European Central Bank Working Paper Series, No. 991).

    Google Scholar 

  • African Development Bank. (2018). African development outlook 2018. Abidjan, Côte d’Ivoire: African Development Bank.

    Google Scholar 

  • Alesina, A. (2012). Fiscal policy after the great recession. Atlantic Economic Journal, 40, 429–435.

    Article  Google Scholar 

  • Alfani, G., & Ó Gráda, C. (2018). Famine and disease. In M. Blum & C. L. Colvin (Eds.), An economist’s guide to economic history (pp. 133–141). Cham, SUI: Palgrave Macmillan.

    Google Scholar 

  • Alvaredo, F., Chancel, L., Piketty, T., Saez, E., & Zucman, G. (2017). Global inequality dynamics: New findings from WID (National Bureau of Economic Research [NBER] Working Paper, No. 23119).

    Google Scholar 

  • Autor, D., & Kitcher, P. (2018). Work, life and satisfaction. In S. Rangan (Ed.), Capitalism beyond mutuality? Perspectives integrating philosophy and social science (pp. 138–160). Oxford: Oxford University Press.

    Google Scholar 

  • Banerjee, A. V., & He, R. (2008). Making aid work. In W. Easterly (Ed.), Reinventing foreign aid (pp. 47–92). Cambridge, MA: MIT Press.

    Google Scholar 

  • Bang, P. F. (2009). Commanding and consuming the world: Empire, tribute and trade in Roman and Chinese history. In W. Scheidel (Ed.), Rome and China (pp. 100–120). New York: Oxford University Press.

    Google Scholar 

  • Basu, S. R. (2017). Do data show divergence? Revisiting global income inequality trends (UNESCAP MPFD Working Paper), 17(3).

    Google Scholar 

  • Beaudoin, S. M. (2007). Poverty in world history. London: Routledge.

    Google Scholar 

  • Beegle, K., & Fuente, A. (2019). Mobilizing resources for the poor. In K. Beegle & L. Christiaensen (Eds.), Accelerating poverty reduction in Africa (pp. 247–285). Washington, DC: World Bank Publications.

    Chapter  Google Scholar 

  • Bhagwati, J. (2004). In defense of globalization. New York: Oxford University Press.

    Google Scholar 

  • Bhagwati, J., & Panagariya, A. (2013). Why growth matters: How economic growth in India reduced poverty and the lessons for other developing economies. New York: Public Affairs.

    Google Scholar 

  • Birdsall, N. (2008). Seven deadly sins: Reflections on donor failings. In W. Easterly (Ed.), Reinventing foreign aid (pp. 515–551). Cambridge, MA: MIT Press.

    Google Scholar 

  • Boskin, M. J. (2016). The domestic landscape. In G. Shultz (Ed.), Blueprint for America (pp. 1–13). Stanford, CA: Hoover Press.

    Google Scholar 

  • Cantillon, R. (2010/1755). An essay on economic theory (C. Saucier, Trans., and Ed. M. Thornton). Auburn, AL: Ludwig von Mises Institute.

    Google Scholar 

  • Caprara, G. V., & Vecchione, M. (2013). Personality approaches to political behaviour. In L. Huddy, D. O. Sears, & J. S. Levy (Eds.), The Oxford handbook of political psychology (2nd ed., pp. 23–58). Oxford: Oxford University Press.

    Google Scholar 

  • Chetty, R., Grusky, D., Hell, M., Hendren, N., Manduca, R., & Narang, J. (2016). The fading American dream: Trends in absolute income mobility since 1940 (National Bureau of Economic Research [NBER] Working Paper, No. 22910).

    Google Scholar 

  • Chong, D. (2013). Degrees of rationality in politics. In L. Huddy, D. O. Sears, & J. S. Levy (Eds.), The Oxford handbook of political psychology (2nd ed., pp. 96–129). Oxford: Oxford University Press.

    Google Scholar 

  • Clark, A. E. (2010). Work, jobs, and well-being across the millennium. In E. Diener, J. F. Helliwell, & D. Kahneman (Eds.), International differences in well-being (pp. 436–468). Oxford: Oxford University Press.

    Chapter  Google Scholar 

  • Cochrane, J. H. (2016). Trade and immigration. In G. Shultz (Ed.), Blueprint for America (pp. 109–125). Stanford, CA: Hoover Press.

    Google Scholar 

  • Collier, P. (2007). The bottom billion: Why the poorest countries are failing and what can be done about it. Oxford: Oxford University.

    Google Scholar 

  • Contractor, F. J. (2017, June 15). Why do people oppose globalization? Yale Global.

    Google Scholar 

  • Coyne, C. J. (2013). Doing bad by doing good: Why humanitarian action fails. Stanford, CA: Stanford University Press.

    Google Scholar 

  • Cusolito, A. P., & Maloney, W. F. (2018). Productivity revisited: Shifting paradigms in analysis and policy. Washington, DC: World Bank.

    Book  Google Scholar 

  • Czegledi, P., & Newland, C. (2018). Measuring global support for free markets, 1990–2014. In Economic freedom of the world: 2018 annual report. Vancouver: Frazier Institute.

    Google Scholar 

  • Dabla-Norris, E., Kochhar, K., Suphaphiphat, N., Ricka, F., & Tsounta, E. (2015). Causes and consequences of income inequality: A global perspective (International Monetary Fund [IMF] Working Paper, SDN/15/13).

    Google Scholar 

  • de Sae, M., & Silva, M. (2017). Poverty reduction, education, and the global diffusion of conditional cash transfers. Cham, SUI: Palgrave Macmillan.

    Google Scholar 

  • Deaton, A., Fortson, J., & Tortora, R. (2010). Life (evaluation), HIV/AIDS and death in Africa. In E. Diener, J. F. Helliwell, & D. Kahneman (Eds.), International differences in well-being (pp. 105–136). Oxford: Oxford University Press.

    Chapter  Google Scholar 

  • Desai, M. (2016). Forward. In J. Boltvinik & S. A. Mann (Eds.), Peasant poverty and persistence in the 21st century: Theories, debates, realities and policies. London: Zed Books.

    Google Scholar 

  • Di Tella, R., & MacCulloch, R. (2010). Happiness adaptation to income beyond ‘‘Basic Needs”. In E. Diener, J. F. Helliwell, & D. Kahneman (Eds.), International differences in well-being (pp. 217–246). Oxford: Oxford University Press.

    Chapter  Google Scholar 

  • Diamond, J. (1997). Guns, germs, and steel: The fates of human societies. New York: W. W. Norton.

    Google Scholar 

  • Dollar, D., Kleineberg, T., & Kraay, A. (2014). Growth, inequality, and social welfare: Cross-country evidence. (World Bank Policy Research Working Paper, WPS 6842).

    Google Scholar 

  • Duflo, E., & Kremer, M. (2008). Use of randomization in the evaluation of development effectiveness. In W. Easterly (Ed.), Reinventing foreign aid (pp. 93–120). Cambridge, MA: MIT Press.

    Google Scholar 

  • Easterlin, R. A. (1974). Does economic growth improve the human lot? Some empirical evidence. In P. A. David & W. R. Melvin (Eds.), Nations and households in economic growth (pp. 89–125). New York: Academic Press.

    Google Scholar 

  • Easterlin, R., & Sawangfa, O. (2010). Happiness and economic growth: Does the cross section predict time trends? Evidence from developing countries. In E. Diener, J. F. Helliwell, & D. Kahneman (Eds.), International differences in well-being (pp. 166–216). Oxford: Oxford University Press.

    Chapter  Google Scholar 

  • Easterly, W. (2006). The white man’s burden. New York: Penguin Books.

    Book  Google Scholar 

  • Easterly, W. (2013). The tyranny of experts: Economists, dictators and the forgotten rights of the poor. New York: Basic Books.

    Google Scholar 

  • Edward, P., & Sumner, A. (2019). The end of poverty: Inequality and growth in global perspective. Cham, SUI: Palgrave Macmillan.

    Book  Google Scholar 

  • Feldman, S. (2013). Political ideology. In L. Huddy, D. O. Sears, & J. S. Levy (Eds.), The Oxford handbook of political psychology (2nd ed., pp. 591–626). Oxford: Oxford University Press.

    Google Scholar 

  • Fukasaku, K. (2007). Introduction and overview. In Business and development: Fostering the private sector (pp. 11–20). Paris: Development Centre of the Organisation for Economic Co-Operation and Development (OECD).

    Google Scholar 

  • Fukuyama, F. (2011). The origins of political order: From prehuman times to the French Revolution. New York: Farrar, Straus & Giroux.

    Google Scholar 

  • Fukuyama, F. (2014). Political order and political decay: From the industrial revolution to the globalization of democracy. New York: Farrar, Straus & Giroux.

    Google Scholar 

  • Graham, C., Chattopadhyay, S., & Picon, M. (2010). The Easterlin and other paradoxes: Why both sides of the debate may be correct. In E. Diener, J. F. Helliwell, & D. Kahneman (Eds.), International differences in well-being (pp. 247–288). Oxford: Oxford University Press.

    Chapter  Google Scholar 

  • Grover-Goswami, A., Medvedev, D., & Olafsen, E. (2019). High-growth firms: Facts, fiction, and policy options for emerging economies. Washington, DC: World Bank Group.

    Book  Google Scholar 

  • Gwartney, J., Lawson, R., Hall, J., & Murphy, R. (2018). Economic freedom of the world: 2018 annual report. Vancouver: Frazier Institute.

    Google Scholar 

  • Haggard, S., & Kaufman, R. R. (2016). Dictators and democrats: Masses, elites, and regime change. Princeton and Oxford: Princeton University Press.

    Book  Google Scholar 

  • Hancock, G. (1997). Lords of poverty. London: Arrow.

    Google Scholar 

  • Hanlon, J., Barrientos, A., & Hulme, D. (2010). Just give money to the poor: The development revolution from the global south. Sterling, VA: Kumarian Press.

    Google Scholar 

  • Harari, Y. N. (2014). Sapiens: A brief history of mankind. Toronto: Signa.

    Google Scholar 

  • Harter, J. K., & Arora, R. (2018). The impact of time spent working and job fit on well-being around the world. In J. F. Helliwell, R. Layard, & J. D. Sachs (Eds.), World happiness report 2018 (pp. 398–435). New York: United Nations.

    Google Scholar 

  • Hayak, F. A. (1945). The use of knowledge in society. American Economic Review, 4, 519–530.

    Google Scholar 

  • Hayak, F. A. (2016/1960). Why I am not a conservative. In the Essential F.A. Hayek. Atlanta, GA: The Foundation for Economic Education. Originally published in The constitution of liberty (pp. 397–411). Chicago: University of Chicago Press.

    Google Scholar 

  • Helliwell, J. F., Huang, H., Wang, S., & Shiplett, H. (2018). International migration and world happiness. In J. F. Helliwell, R. Layard, & J. D. Sachs (Eds.), World happiness report 2018 (pp. 15–44). New York: United Nations Publications.

    Google Scholar 

  • Helliwell, J. F., Layard, R., & Sachs, J. D. (2018). Happiness and migration: An overview. In J. F. Helliwell, R. Layard, & J. D. Sachs (Eds.), World happiness report 2018 (pp. 3–12). New York: United Nations.

    Google Scholar 

  • Hipsher, S. (2013). Private sector’s role in poverty reduction in Asia. Oxford: Chandos Publishing Limited.

    Book  Google Scholar 

  • Hipsher, S. (2017). Poverty reduction, the private sector and tourism in Mainland Southeast Asia. Singapore: Palgrave Macmillan.

    Book  Google Scholar 

  • Hipsher, S. (Ed.). (2018). Examining the private sector’s role in wealth creation and poverty reduction. Hersey, PA: IGI International.

    Google Scholar 

  • Hoekman, B., & Nelson, D. R. (2018). Reflecting on populism and the economics of globalization. Journal of International Business Policy, 1(1–2), 34–43.

    Article  Google Scholar 

  • Hofstede, G. (1980). Motivation, leadership, and organization: Do American theories apply abroad? Organizational Dynamics, 9(1), 42–63.

    Article  Google Scholar 

  • Hofstede, G. (1983). The cultural relativity of organizational practices and theories. Journal of International Business Studies, 14(1), 75–89.

    Article  Google Scholar 

  • Holden, A. (2013). Tourism, poverty and development. London: Routledge.

    Book  Google Scholar 

  • Iammarino, S. (2018). FDI and regional development policy. Journal of International Business Policy, 1(3–4), 157–183.

    Article  Google Scholar 

  • Ibeh, K., Adeleye, I., & Ajai, O. (2018). The rise of African multinationals: Are IB scholars paying sufficient attention? AIB Insights, 18(4), 10–14.

    Google Scholar 

  • Imai, M., Kanero, J., & Masuda, T. (2016). The relation between language, culture, and thought. Current Opinion in Psychology, 8, 70–77.

    Article  Google Scholar 

  • Inglehart, R. F. (2010). Faith and freedom: Traditional and modern ways to happiness. In E. Diener, J. F. Helliwell, & D. Kahneman (Eds.), International differences in well-being (pp. 351–397). Oxford: Oxford University Press.

    Google Scholar 

  • Inglehart, R. F., & Welzel, C. (2009). How development leads to democracy. Foreign Affairs, 88(2), 33–48.

    Google Scholar 

  • International Labour Organization (ILO). (2016). Global wage report 2016/17: Wage inequality in the workplace. Geneva: ILO Publications.

    Google Scholar 

  • Kapteyn, A., Smith, J. P., & van Soest, A. (2010). Life satisfaction. In E. Diener, J. F. Helliwell, & D. Kahneman (Eds.), International differences in well-being (pp. 70–104). Oxford: Oxford University Press.

    Chapter  Google Scholar 

  • Keely, B. (2012). From aid to development: The global fight against poverty. Paris: OECD Publishing.

    Book  Google Scholar 

  • Klandermans, B., & Van Stekelenburg, J. (2013). Social movements and the dynamics of collective action. In L. Huddy, D. O. Sears, & J. S. Levy (Eds.), The Oxford handbook of political psychology (2nd ed., pp. 774–811). Oxford: Oxford University Press.

    Google Scholar 

  • Kobrin, S. J. (2019). Make internationalism great again: The AIB in an age of populist nationalism. Academy of International Business Insights, 19(1), 12–15.

    Google Scholar 

  • Kremer, M., & Miguel, E. (2008). The illusion of sustainability. In W. Easterly (Ed.), Reinventing foreign aid (pp. 201–253). Cambridge, MA: MIT Press.

    Google Scholar 

  • Kurlantzick, J. (2016). State capitalism: How the return of statism is transforming the world. New York: Oxford University Press.

    Google Scholar 

  • Kuttner, K. N., & Posen, A. S. (2002). Fiscal policy effectiveness in Japan. Journal of the Japanese and International Economies, 16, 536–558.

    Article  Google Scholar 

  • Labrador, R. C. (2019). Venezuela: The rise and fall of a petrostate. Council of Foreign Affairs. Updated on January 24, 2019. Available from https://www.cfr.org/backgrounder/venezuela-crisis.

  • Lal, D. (2013). Poverty and progress: Realities and myths about global poverty. Washington, DC: Cato Institute.

    Google Scholar 

  • Lundan, S. M. (2018). From the editor: Engaging international business scholars with public policy issues. Journal of International Business Policy, 1(1–2), 1–11.

    Article  Google Scholar 

  • Martijn, H., Martijn, J. B., Ray, J., & Esipova, N. (2018). Do international migrants increase their happiness and that of their families by migrating? In J. F. Helliwell, R. Layard, & J. D. Sachs (Eds.), World happiness report 2018 (pp. 45–68). New York: United Nations.

    Google Scholar 

  • Matens, B. (2008). Why do aid agencies exist? In W. Easterly (Ed.), Reinventing foreign aid (pp. 285–310). Cambridge, MA: MIT Press.

    Google Scholar 

  • McKinnon, J. (1989). Structural assimilation and the consensus: Clearing grounds on which to rearrange our thoughts. In J. McKinnon & B. Vienne (Eds.), Hill tribes today (pp. 303–360). Bangkok: White Lotus.

    Google Scholar 

  • Mearsheimer, J. J. (2018). The great delusion: Liberal dreams and international realities. New Haven, CT: Yale University Press.

    Book  Google Scholar 

  • Meyer, K. E. (2017). International business in an era of anti-globalization. Multinational Business Review, 25(2), 78–90.

    Article  Google Scholar 

  • Milanovic, B. (2013). Global income inequality in numbers: In history and now. Global Policy, 4(2), 198–208.

    Article  Google Scholar 

  • Milanovic, B. (2016). Global inequality: A new approach for the age of globalization. Cambridge, MA: Harvard University Press.

    Book  Google Scholar 

  • Milanovic, B. (2017, July 5). The evolution of global inequalities: The impact on politics and the economy. London School of Economics Public Lecture Series. Podcast available from www.lse.ac.uk.

  • Milanovic, B. (2019, May 10). The global distribution of income and the politics of Globalisation—Embedded liberal capitalism. London School of Economics Public Lecture Series. Podcast available from www.lse.ac.uk.

  • Miller, T., Kim, A. B., & Roberts, J. M. (2018). 2018 index of economic freedom. Washington, DC: Heritage Foundation.

    Google Scholar 

  • Miller, T., Kim, A. B., & Roberts, J. M. (2019). 2019 index of economic freedom. Washington, DC: Heritage Foundation.

    Google Scholar 

  • Mkapa, B. W. (2010). Leadership for growth, development and poverty reduction: An African viewpoint and experience. In D. Brady & M. Spence (Eds.), Leadership and growth (pp. 19–79). Washington, DC: World Bank Publishing.

    Google Scholar 

  • Mokyr, J. (2017). A culture of growth: The origins of the modern economy, The Graz Schumpeter Lectures. Princeton: Princeton University Press.

    Google Scholar 

  • Moore, S., & Griffith, J. (2015). The freedom path to economic growth: A comparative analysis of country performance. In T. Miller & A. B. Kim (Eds.), 2015 index of economic freedom (pp. 31–46). Washington, DC and New York: Heritage Foundation & Wall Street Journal.

    Google Scholar 

  • Moyo, D. (2009). Dead aid: Why aid is not working and how there is a better way for Africa. New York: Farrar, Straus & Giroux.

    Google Scholar 

  • Mudambi, R. (2018). Knowledge intensive intangibles, spatial transaction costs, and the rise of populism. Journal of International Business Policy, 1(1), 44–52.

    Article  Google Scholar 

  • Ndulo, M. (2017). Governance and sustainable economic and social development: Kenya. In M. Nissanke & M. Ndulo (Eds.), Poverty reduction in the course of African development (pp. 270–291). Oxford: Oxford University Press.

    Chapter  Google Scholar 

  • Nyambati, A. R. (2018). Scaling up power infrastructure investment in sub- Saharan Africa for poverty alleviation. In T. Falola & M. O. Oday (Eds.), Poverty reduction strategies in Africa (pp. 53–64). London: Routledge.

    Google Scholar 

  • Oishi, S. (2010). Culture and well-being: Conceptual and methodological issues. In E. Diener, J. F. Helliwell, & D. Kahneman (Eds.), International differences in well-being (pp. 34–69). Oxford: Oxford University Press.

    Chapter  Google Scholar 

  • Oishi, S., & Kesebir, S. (2015). Income inequality explains why economic growth does not always translate to an increase in happiness. Psychological Science, 10, 1630–1638.

    Article  Google Scholar 

  • Piketty, T. (2014). Capital in the twenty-first century (A. Goldhammer, Trans.). Cambridge, MA: Harvard University Press.

    Google Scholar 

  • Porter, M. E., Rivkin, J. W., Desai, M. A., & Raman, M. (2016). Problems unsolved and a nation divided: The State of U.S. Competitiveness 2016. Cambridge, MA: Harvard Business School.

    Google Scholar 

  • Prahalad, C. K. (2005). Fortune at the bottom of the pyramid: Eradicating poverty through profits. Philadelphia: Wharton School Publishing.

    Google Scholar 

  • Prammer, D. (2004). Expansionary fiscal consolidation? An appraisal of the literature on non-Keynesian effects of fiscal policy and a case study for Austria. Monetary Policy and the Economy, 3, 34–52.

    Google Scholar 

  • Pressman, S. (2009). A time to return to Keynes. Critical Perspectives on International Business, 5(1/2), 157–161.

    Article  Google Scholar 

  • Pritchett, L., & Woolcock, M. (2008). Solutions when the solution is the problem: Arraying the disarray in development. In W. Easterly (Ed.), Reinventing foreign aid (pp. 147–177). Cambridge, MA: The MIT Press.

    Google Scholar 

  • Ramalingam, B. (2013). Aid on the edge of chaos: Rethinking international cooperation in a complex world. New York: Oxford University Press.

    Google Scholar 

  • Ravallion, M. (2016). The economics of poverty: History, measurement and policy. New York: Oxford University Press.

    Book  Google Scholar 

  • Reinikka, R. (2008). Donors and service delivery. In W. Easterly (Ed.), Reinventing foreign aid (pp. 179–199). Cambridge, MA: MIT Press.

    Google Scholar 

  • Resnick, D., & Van de Walle, N. (2013). Introduction: Why aid and democracy? Why Africa? In D. Resnick & N. Van de Walle (Eds.), Democratic trajectories in Africa: Unravelling the impact of foreign aid (pp. 1–27). New York: Oxford University Press.

    Chapter  Google Scholar 

  • Rodrik, D. (2018). Populism and the economics of globalization. Journal of International Business Policy, 1(1–2), 12–33.

    Google Scholar 

  • Ronda-Pupo, G. A., & Guerras-Martin, L. A. (2012). Dynamics of the evolution of the strategy concept 1962–2008: A co-word analysis. Strategic Management Journal, 33(2), 162–188.

    Article  Google Scholar 

  • Rothbard, M. N. (1998/1982). The ethics of liberty. New York: New York University Press.

    Google Scholar 

  • Sachs, J. (2005). The end of poverty: Economic possibilities for our time. New York: The Penguin Press.

    Google Scholar 

  • Samans, R., Blanke, J., Corrigan, G., & Drzeniek-Hanouz, M. (2017). Rising to the challenge of inclusive growth and development. In M. Singh & A. Wright (Eds.), The inclusive growth and development report, 2017 (pp. 1–46). Geneva: World Economic Forum.

    Google Scholar 

  • Samanta, D. (2015). Urban poverty in developing Asia—Dichotomy between the income and non-income dimensions: Are we not grossly underestimating its incidence? In A. Heshmati, E. Maasoumi, & G. Wan (Eds.), Poverty reduction policies and practices in developing Asia (pp. 79–106). Mandaluyong City and Dordrecht: Asian Development Bank & Springer.

    Chapter  Google Scholar 

  • Scheidel, W. (2017). The great leveler: Violence and the history of inequality from the stone age to the twenty-first century. Princeton, NJ: Princeton University Press.

    Book  Google Scholar 

  • Sen, A. (2002). Globalization, inequality and global protest. Development, 45(2), 11–16.

    Article  Google Scholar 

  • Smiley, G. (1987). Some Austrian perspectives on Keynesian fiscal policy and the recovery in the thirties. Review of Austrian Economics, 1, 146–179.

    Article  Google Scholar 

  • Son, H. H. (2010). A multi-country analysis of achievements and inequalities in economic growth and standards of living. Asian Development Review, 27(1), 1–42.

    Google Scholar 

  • Sowell, T. (2015). Wealth, poverty and politics: An international perspective. New York: Basic Books.

    Google Scholar 

  • Tamariz, M., & Kirby, S. (2016). The cultural evolution of language. Current Opinion in Psychology, 8, 37–43.

    Article  Google Scholar 

  • Tirole, J. (2017, October 17). Economics for the common good. London School of Economics Public Lecture Series. Podcast available from www.lse.ac.uk.

  • UN. (2019). World economic situation and prospects 2019. New York: United Nations Publications.

    Google Scholar 

  • United Nations (UN). (2018). World economic situation and prospects (C. Drysdale, Ed.). New York: United Nations Publications.

    Google Scholar 

  • United Nations Conference on Trade and Development (UNCTAD). (2019). World investment 2019: Special economic zones. New York: United Nations Publications.

    Google Scholar 

  • Van Assche, A. (2018). From the editor: Steering a policy turn in international business-opportunities and challenges. Journal of International Business Policy, 1(3–4), 117–127.

    Article  Google Scholar 

  • Van Beuningen, C. (2007). Democracy and development. Development, 50(1), 50–55.

    Article  Google Scholar 

  • Van Reenen, J. (2019, May 22). Where will future jobs and growth come from? London School of Economics Public Lecture Series. Podcast available from www.lse.ac.uk.

  • Van Zanten, J. A., & Van Tulder, R. (2018). Multinational enterprises and the Sustainable Development Goals: An institutional approach to corporate engagement. Journal of International Business Policy, 1(3–4), 208–233.

    Article  Google Scholar 

  • Vandeberg, P. (2017). Can trade help achieve the employment targets of the sustainable development goals? (Asian Development Bank Institution [ADBI] Working Paper, No. 650).

    Google Scholar 

  • Veenhoven, R. (2010). How universal is happiness. In E. Diener, J. F. Helliwell, & D. Kahneman (Eds.), International differences in well-being (pp. 328–350). Oxford: Oxford University Press.

    Google Scholar 

  • Verbecke, A., Courudureroy, R., & Matt, T. (2018). The future of international research on corporate globalization that never was. Journal of International Business Studies, 49(9), 1101–1112.

    Article  Google Scholar 

  • Von Mises, L. (1998/1949). Human action: A treatise on economics (Scholars ed.). Auburn, AL: Van Mises Institute.

    Google Scholar 

  • World Bank. (2017). Monitoring global poverty: Report on the commission on global poverty. Washington, DC: World Bank Publications.

    Google Scholar 

  • World Bank. (2018). Poverty and shared prosperity 2018: Piecing together the poverty puzzle. Washington, DC: World Bank Publications.

    Google Scholar 

  • Yan, K. (2016). Poverty alleviation in China: A theoretical and empirical study. Heidelberg: Springer.

    Book  Google Scholar 

Download references

Author information

Authors and Affiliations

  1. Bangkok, Thailand

    Scott Hipsher

Authors
  1. Scott Hipsher
    View author publications

    You can also search for this author in PubMed Google Scholar

Rights and permissions

Reprints and permissions

Copyright information

© 2020 The Author(s)

About this chapter

Check for updates. Verify currency and authenticity via CrossMark

Cite this chapter

Hipsher, S. (2020). The Wealth Creation Approach to Poverty Reduction. In: Wealth Creation Approach to Reducing Global Poverty. Palgrave Macmillan, Singapore. https://doi.org/10.1007/978-981-15-4116-2_1

Download citation

  • DOI: https://doi.org/10.1007/978-981-15-4116-2_1

  • Published:

  • Publisher Name: Palgrave Macmillan, Singapore

  • Print ISBN: 978-981-15-4115-5

  • Online ISBN: 978-981-15-4116-2

  • eBook Packages: Economics and FinanceEconomics and Finance (R0)

Publish with us

Policies and ethics

Search

Navigation