Is extreme poverty going to end ? an analytical framework to evaluate progress in ending extreme poverty
AbstractThe 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.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by The World Bank in its series Policy Research Working Paper Series with number 6740.
Date of creation: 01 Jan 2014
Date of revision:
Rural Poverty Reduction; Achieving Shared Growth; Regional Economic Development; Inequality;
This paper has been announced in the following NEP Reports:
- NEP-ALL-2014-01-17 (All new papers)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Chen, Shaohua & Ravallion, Martin, 2008.
"The developing world is poorer than we thought, but no less successful in the fight against poverty,"
Policy Research Working Paper Series
4703, The World Bank.
- Shaohua Chen & Martin Ravallion, 2010. "The Developing World Is Poorer Than We Thought, but No Less Successful in the Fight Against Poverty," The Quarterly Journal of Economics, MIT Press, MIT Press, vol. 125(4), pages 1577-1625, November.
- Dhongde, Shatakshee & Minoiu, Camelia, 2013. "Global Poverty Estimates: A Sensitivity Analysis," World Development, Elsevier, Elsevier, vol. 44(C), pages 1-13.
- Dollar, David & Kraay, Aart, 2002.
" Growth Is Good for the Poor,"
Journal of Economic Growth, Springer,
Springer, vol. 7(3), pages 195-225, September.
Blog mentionsAs found by EconAcademics.org, the blog aggregator for Economics research:
- Aura-t-on Ã©liminÃ© lâextrÃªme pauvretÃ© dans le monde en 2030 ?
by ? in D'un champ l'autre on 2014-01-14 18:58:00
- Comment rÃ©duire la pauvretÃ© dans un monde plus riche ?
by ? in D'un champ l'autre on 2014-05-08 23:34:00
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Roula I. Yazigi).
If references are entirely missing, you can add them using this form.