What the World Bank means by poverty reduction, and why it matters

Abstract

Focuses on the meaning of poverty reduction from the standpoint of the World Bank. Argument that while the bank's commitment to poverty reduction is real, it is conditional upon, and secondary, to a broader goal; Observation that the poverty reduction policy of the bank is the systematic transformation of social relations and institutions in the developing world, in order to generalize and facilitate proletarianization and capitalist accumulation in a global scale; Details of the Welfensohn-Stiglitz project.