Poverty and Distribution: Twenty Years Ago and Now
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This paper adopts the “Rip Van Winkle” stratagem, of asking what differences would be
noticed, in the domain of poverty and distribution, by someone who fell asleep in 1987 (the year I
published my paper on poverty in the IMF Staff Papers, and woke up only in 2007 (the year I
visited the IMF to work on the present paper). I highlight, somewhat idiosyncratically, ten such
differences under three broad headings: Facts and Empirics, Concepts and Theory, and Policies and
Interventions.