Thread by Dr Olu Fasan @olu_fasan: @TLFPolicyTownhall
Macro responses to poverty. (1) Grow economy & boost productivity: Economic expansion creates jobs; higher productivity boosts people’s earnings. Govt must remove bureaucratic & structural obstacles to investment & innovation
Macro response 2: Mainstream anti-poverty policy into wider economy. Subject govt policies/projects to anti-poverty Impact Assessment (IA). How will this project reduce poverty, e.g. benefit SMEs (how many?). Publish the IA.
Macro response 3: CUT COST OF LIVING. Poverty deepens with high cost of living. Reduce inflation w/ fiscal discipline, small state etc. + FREE TRADE. Protectionism raises prices of goods (imported & local) & deepens poverty. #TLFPolicyTownhall#PovertyToWealth