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<P class=MsoNormal><FONT color=#0000ff><SPAN class=386463116-24012006><SPAN
class=398302511-25012006><FONT face=Arial><FONT size=2><STRONG>nef</STRONG><SPAN
class=719210712-25012006> (the new economics foundation's)</SPAN><SPAN
class=719210712-25012006> </SPAN>s latest report<SPAN
class=719210712-25012006>, <STRONG><A
title=http://www.neweconomics.org/gen/news_growthisntworking.aspx
href="http://www.neweconomics.org/gen/news_growthisntworking.aspx">Growth isn't
Working</A></STRONG></SPAN><SPAN class=719210712-25012006></SPAN>, the first in
our series on "Rethinking Poverty" can be found <SPAN
class=719210712-25012006>on our website </SPAN>at<SPAN
class=719210712-25012006>: </SPAN></FONT></FONT><A
title=http://www.neweconomics.org/gen/z_sys_publicationdetail.aspx?pid=219
href="http://www.neweconomics.org/gen/z_sys_publicationdetail.aspx?pid=219"><FONT
title=http://www.neweconomics.org/gen/z_sys_publicationdetail.aspx?pid=219
face=Arial color=#800080 size=2><STRONG
title=http://www.neweconomics.org/gen/z_sys_publicationdetail.aspx?pid=219>http://www.neweconomics.org/gen/z_sys_publicationdetail.aspx?pid=219</STRONG></FONT></A><FONT
face=Arial><FONT size=2><STRONG>.</STRONG>
</FONT></FONT></SPAN></SPAN></FONT></P>
<P class=MsoNormal><FONT size=+0><SPAN class=386463116-24012006><SPAN
class=398302511-25012006><FONT face=Arial><FONT size=2><SPAN
class=719210712-25012006>"Growth isn't working"</SPAN> presents new
analysis from <STRONG>nef</STRONG>, showing that just 60 cents in every $100 of
extra income generated by global economic growth contributes to poverty
reduction between 1990 and 2001. This is 73<SPAN class=719210712-25012006>
percent</SPAN> less even than in the 1980s - the "lost decade for
development" - when the figure was $2.20. It also means
that it takes $166 of extra production and consumption globally to achieve
each $1 of poverty reduction. Coupled with the disproportionate share of the
poor in the environmental costs of growth, these findings cast serious
doubt on global growth as a viable path to poverty reduction within global
environmental constraints; and it implies a much greater emphasis on the effects
of global economic policies on income distribution, <EM>between</EM>
countries as well as within
them.</FONT></FONT></SPAN></SPAN></FONT></P></FONT></SPAN></DIV></FONT></DIV>
<DIV><FONT face=Arial color=#0000ff size=2><SPAN class=476270113-25012006>Please
forward this message to anyone you think might be interested, and to any
relevant list-serves - and please let us know if you would like to be added to
our mailing list for future publications.</SPAN></FONT></DIV>
<DIV><FONT face=Arial color=#0000ff size=2><SPAN
class=476270113-25012006></SPAN></FONT> </DIV>
<DIV><FONT face=Arial color=#0000ff size=2><SPAN class=476270113-25012006><SPAN
class=843175316-30012006>David Woodward</SPAN></SPAN></FONT></DIV>
<DIV><FONT face=Arial color=#0000ff size=2><SPAN class=476270113-25012006><SPAN
class=843175316-30012006>Head, New Global Economy
programme</SPAN></SPAN></FONT></DIV></DIV>
<DIV> </DIV>
<DIV align=left><FONT face=Arial size=2><FONT face=Arial color=blue size=2><SPAN
style="FONT-SIZE: 10pt; COLOR: blue; FONT-FAMILY: Arial; mso-no-proof: yes"><FONT
face=Arial color=#000080 size=2><STRONG>Think Tank of the Year
2002/03</STRONG></FONT></SPAN></FONT></FONT></DIV>
<DIV align=left><FONT face=Arial size=2><FONT face=Arial color=blue size=2><SPAN
style="FONT-SIZE: 10pt; COLOR: blue; FONT-FAMILY: Arial; mso-no-proof: yes">If
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