IDEAS home Printed from https://ideas.repec.org/a/lif/jrgelg/v2y2013p223-247.html
   My bibliography  Save this article

Millennium Development Goal One: How has Asia Fared?

Author

Listed:
  • Hyun H. Son

    () (Asian Development Bank)

Abstract

As poverty remains rampant, the Millennium Development Goals have been established to address what is one of the most chronic challenges to growth and development. With numerous governments and international organizations adopting these eight international goals focused on combating both the income and non-income dimensions of poverty, it is imperative to measure the performance toward and success of the MDG initiative. By exploring the interplay among poverty, growth and inequality, this study evaluates the progress of 90 developing countries in attaining the income poverty target contained in the first MDG (MDG1), focusing on developing Asia. To help inform future, results-based development policies, it also examines whether adopting the MDGs has contributed to income poverty reduction by measuring the growth elasticity of poverty, controlling for growth. Through an achievement index developed by Kakwani in 1993, the study estimates that an annual poverty reduction of around 2.77% between 1990 and 2015 is needed for countries to attain MDG1. Across developing Asia, half of the 22 countries included in the study will definitely attain the target and 46% are “likely” to achieve it. Can such gains in poverty reduction be ascribed to the espousal of the MDGs? The study finds that improvements in poverty elasticity are statistically insignificant in the post-MDG period, implying that the acceleration of poverty reduction has been mainly due to economic growth and not the adoption of the MDGs

Suggested Citation

  • Hyun H. Son, 2013. "Millennium Development Goal One: How has Asia Fared?," Journal of Reviews on Global Economics, Lifescience Global, vol. 2, pages 223-247.
  • Handle: RePEc:lif:jrgelg:v:2:y:2013:p:223-247
    as

    Download full text from publisher

    File URL: http://www.lifescienceglobal.com/home/cart?view=product&id=665
    Download Restriction: no

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:lif:jrgelg:v:2:y:2013:p:223-247. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Faisal Ameer Khan). General contact details of provider: http://www.lifescienceglobal.com .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.