Poverty alleviation towards sustainable development

Abstract EN

While several developing countries made rapid economic growth and development still there are many countries that suffer from high level of poverty, economic stagnation and environmental degradation.

What underlying forces have made for rapid progress in some economies and the lack of progress in others? Why do people get left behind where some enjoy improvement in their standard of living? Is the progress that is occurring sustainable or is it based on policies that are exhausting natural resources and destroying the environment? What poverty alleviating policies are available to the affected countries? These are some of the vital questions that are addressed in this paper.

There is no consensus about what sustainable development means.

This paper also seeks to clarify the meaning and utility of the concept.

It develops an analytical framework for sustainable development and applies it to a typical poverty-ridden country focusing on its management of the scarce resources.

The paper presents specific policy guidelines primarily based on competitive markets and associated structural transformations for sustainable development.