Journal
CAMBRIDGE JOURNAL OF REGIONS ECONOMY AND SOCIETY
Volume 2, Issue 2, Pages 229-244Publisher
OXFORD UNIV PRESS
DOI: 10.1093/cjres/rsp012
Keywords
financial liberalization; poverty; channels of influence
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We investigate the possibility of further channels through which financial liberalization policies might affect poverty and discuss how various factors have produced varying outcomes in different countries. The growth channel is the only one widely accepted in the literature. We suggest that three further channels should be added to the list: the financial crises channel, the access to credit and financial services channel and the income share of labour channel. We discuss how these channels operate differently in different countries. As far as we know, no attempt has been made previously in the literature to go beyond the growth channel.
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