The article argues that targeted cash transfers represent a feasible, scalable mechanism to end extreme poverty, noting that previous growth-based models have stalled since 2015. Evidence from existing evaluations demonstrates that unconditional cash transfers positively impact consumption, health, and education without discouraging labor force participation. To move beyond small pilots, the authors propose initiating a national-scale "proof-of-concept" program, funded by private capital and embedded within a government structure. This approach is crucial not only for immediate poverty reduction but also for generating the necessary evidence to build state capacity and enable global replication of the model.
BPEA Fall 2026 Conference
English Summary
The BPEA Fall 2026 agenda highlights critical structural shifts in global economies, focusing on post-pandemic disruptions and accelerating technological change. Key analyses will examine how factors like migration surges, oil shocks, and AI adoption are reshaping labor markets, housing dynamics, and economic specialization. Discussions also address the mechanics of demand-driven inflation and evaluate the efficacy of both supply-side and demand-side climate policies. Policymakers must therefore develop adaptive strategies that move beyond traditional models to manage technological disruption (e.g., AI's impact on firm boundaries) while stabilizing energy and climate transitions.
中文摘要
BPEA 2026年秋季議程重點關注全球經濟的關鍵結構轉變，特別聚焦於疫情後衝擊與加速的技術變革。核心分析將探討移民激增、石油衝擊和人工智慧（AI）採用等因素如何重塑勞動市場、房地產動力學以及經濟專業化分工。討論內容亦涵蓋需求驅動型通膨的運作機制，並評估供給面與需求面氣候政策的有效性。因此，決策者必須制定超越傳統模型的適應性策略，以管理技術顛覆（例如AI對企業邊界帶來的影響），同時穩定能源和氣候轉型。
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