Policy implications and challenges in promoting pro-poor economic growth.
Promoting economic growth that benefits the poor presents policy implications and challenges. To achieve pro-poor growth, policymakers need to foster an enabling environment for marginalized populations to participate in economic activities. This involves addressing structural barriers such as limited access to education, health services, and financial resources. Additionally, policies should aim to create job opportunities, particularly in sectors that are labor-intensive and have low barriers to entry. It is crucial to ensure that social protection programs are in place to mitigate risks and vulnerability for the poor. Investing in infrastructure development and improving the business climate are also essential for inclusive growth. Policymakers must strike a balance between economic growth and equity to uplift the living standards of the poor.
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