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Comparative Analysis of Post-Keynesian and Neoliberal Approaches to Poverty Reduction in Developing Countries: the Case of India
Nowadays finding the most effective method of poverty eradication remains one of the primary tasks facing the international research community. The present paper contributes to the ever-growing body of research on the subject by conducting a comparative analysis of post-Keynesian and neoliberal approaches to poverty reduction based on both theoretical framework and real-life examples of respective programmes implemented in developing countries. Special emphasis is placed on studying the peculiarities of current performance and the effectiveness of programmes implemented in rural areas of India, namely Self Help Group-Bank Linkage Programme (SBLP) and Mahatma Gandhi National Rural Employment Gurantee Scheme (MGNREGS). In order to fulfil the above objectives, a multhimethod research design was employed, which included construction and analysis of a linear regression model combined with comparative analysis based on guidelines provided by ESCAP UN.