Policy Briefs

The Global South Growing out of Poverty, Inequality, and Exclusiveness—What the G7 Needs to Do

Task Force: Development and Economic Prosperity
Authors: Adeel Kadri, Akua Peprah-Yeboah, Asep Suryahadi, Daniel Suryadarma, Eun Young Oh, Kakuru Medard, Matondang Elsa Siburian, Megan O’Donnell, Shadrack Mubanga Chisenga,
P. Uday Shankar, Sudarno Sumarto

Abstract

Although important, financial aid will not achieve the sustainable eradication of poverty and inequality or sustainable inclusive growth. For this to happen, the Global South needs to “grow out” of poverty, which requires context-specific and tailor-made development programs, better access to finance, and access to jobs. This policy brief describes how to implement programs with evidence of success and specification of the needed support from the Group of Seven.