Why the UK government and others need to balance ‘growth from above’ with ‘growth from below’ if it wants to reduce poverty in our crisis-ridden world

Why the UK government and others need to balance ‘growth from above’ with ‘growth from below’ if it wants to reduce poverty in our crisis-ridden world

On the back of Covid-19, high inflation and the uncertainty of climate-related disasters and other crises, many governments – particularly in low-income countries – are reverting to old-fashioned growth strategies. This often involves export-oriented growth and industrialisation with a primary focus of increasing GDP. In some cases, it involves supporting economic transformation through large, formal investments in infrastructure, health, educat…