Zoellick: The Best Antidote to Poverty Is Growth

Global Public Square interview with outgoing World Bank Chief Robert Zoellick.

Fareed Zakaria:
What do you think is the answer to overcoming poverty.

Robert Zoellick:
Growth is still the best antidote for poverty, but one of the things we’ve learned over the years is that growth is not enough so we talk about inclusive growth.  That means you need all the components: you need the environment for private sector investment, you need the opportunity for creating jobs through companies.  But at the same time, what inclusive growth means to me is that you also need an efficient social safety net, so that when the vicissitudes of economies or world events strike that  people at the bottom aren’t crushed, or you don’t lose a generation to improper nutrition or education.

No comments: