4 min read.Updated: 12 Oct 2021, 10:25 PM ISTDani Rodrik
Development policy may become unified at last as social initiatives get integrated with the pursuit of broad economic goals
Development policy has long been divided between two types of approaches. One approach targets poor people directly and seeks to alleviate the poverty of individual households—through income support, health and education interventions, and enhanced access to credit. The other focuses on enhancing economic opportunities and raising overall productivity—through economy-wide macroeconomic and trade policies or legal and regulatory reforms. Call the first social policy and the second growth policy.