Is Extreme Poverty Going to End? An Analytical Framework to Evaluate Progress in Ending Extreme Poverty
27 Pages Posted: 20 Apr 2016
Date Written: January 1, 2014
Abstract
The World Bank has recently adopted a target of reducing the proportion of population living below US$1.25 a day at 2005 international prices to 3 percent by 2030. This paper reviews different projection methods and estimates the global poverty rate of 2030 modifying Ravallion (2013)'s approach in that it introduces country-specific economic and population growth rates and takes into account the effect of changes in within-country inequality. This paper then identifies key obstacles to meeting the target and proposes a simple intermediate growth target under which the global poverty rate can be reduced to 3 percent by 2030. The findings of the analysis lend support to Basu (2013)'s argument that accelerating growth is not enough and sharing prosperity within and across countries is essential to end extreme poverty in one generation.
Keywords: Rural Poverty Reduction, Achieving Shared Growth, Regional Economic Development, Inequality
Suggested Citation: Suggested Citation
0 References
0 Citations
Do you have a job opening that you would like to promote on SSRN?
Recommended Papers
-
How Long Will it Take to Lift One Billion People Out of Poverty?
-
The Making of Middle Class in Africa: Evidence from DHS Data
By Mthuli Ncube and Abebe Shimeles
-
Stress-Testing Africa's Recent Growth and Poverty Performance
By Shantayanan Devarajan, Delfin S. Go, ...