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Shared prosperity and the mitigation of poverty : in practice and in precept

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  • Basu, Kaushik

Abstract

The World Bank Group recently adopted two overarching goals -- the end of extreme, chronic poverty in the world by 2030 and the promotion of shared prosperity in every society. The paper examines the normative properties of these goals, their strengths and weaknesses, and their implications for actual policymaking, especially in the presence of globalization. This is closely related to the age-old debate on growth versus direct welfare interventions as instruments for countering poverty. The paper analyzes past trends on poverty and tries to shed new light on this old debate.

Suggested Citation

  • Basu, Kaushik, 2013. "Shared prosperity and the mitigation of poverty : in practice and in precept," Policy Research Working Paper Series 6700, The World Bank.
  • Handle: RePEc:wbk:wbrwps:6700
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    References listed on IDEAS

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    10. James Foster & Suman Seth & Michael Lokshin & Zurab Sajaia, 2013. "A Unified Approach to Measuring Poverty and Inequality--Theory and Practice : Streamlined Analysis with ADePT Software," World Bank Publications - Books, The World Bank Group, number 13731, November.
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    Blog mentions

    As found by EconAcademics.org, the blog aggregator for Economics research:
    1. Shared prosperity and the mitigation of poverty : in practice and in precept
      by maximorossi in NEP-LTV blog on 2013-11-27 18:57:39
    2. Aura-t-on éliminé l’extrême pauvreté dans le monde en 2030 ?
      by ? in D'un champ l'autre on 2014-01-15 00:58:00

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    Cited by:

    1. Azevedo, Joao Pedro & Atamanov, Aziz & Rajabov, Alisher, 2014. "Poverty reduction and shared prosperity in Tajikistan : a diagnostic," Policy Research Working Paper Series 6923, The World Bank.
    2. Stephan Klasen & Tatyana Krivobokova & Friederike Greb & Rahul Lahoti & Syamsul Hidayat Pasaribu & Manuel Wiesenfarth, 2016. "International income poverty measurement: which way now?," The Journal of Economic Inequality, Springer;Society for the Study of Economic Inequality, vol. 14(2), pages 199-225, June.
    3. World Bank, 2014. "Prosperity for All / Ending Extreme Poverty : A Note for the World Bank Group Spring Meetings 2014," World Bank Publications - Books, The World Bank Group, number 17701, November.
    4. S. Amer Ahmed & Marcio Cruz & Delfin S. Go & Maryla Maliszewska & Israel Osorio-Rodarte, 2016. "How Significant Is Sub-Saharan Africa's Demographic Dividend for Its Future Growth and Poverty Reduction?," Review of Development Economics, Wiley Blackwell, vol. 20(4), pages 762-793, November.
    5. Raymundo M. Campos-Vazquez & Emmanuel Chavez & Gerardo Esquivel, 2017. "Growth is (really) good for the (really) rich," The World Economy, Wiley Blackwell, vol. 40(12), pages 2639-2675, December.
    6. Kouadio, Hugues Kouassi & Gakpa, Lewis-Landry, 2022. "Do economic growth and institutional quality reduce poverty and inequality in West Africa?," Journal of Policy Modeling, Elsevier, vol. 44(1), pages 41-63.
    7. Wolfe, Marcus T. & Patel, Pankaj C., 2018. "Satisfaction guaranteed? Life satisfaction, institutional factors, and self-employment," Journal of Business Venturing Insights, Elsevier, vol. 9(C), pages 45-52.
    8. Emilio Pineda & Mr. Antonio David & Mr. Fabiano Rodrigues Rodrigues Bastos & João Pedro Azevedo, 2014. "Fiscal Adjustment and Income Inequality: Sub-national Evidence from Brazil," IMF Working Papers 2014/085, International Monetary Fund.
    9. Stoeffler, Quentin & Mills, Bradford & del Ninno, Carlo, 2016. "Reaching the Poor: Cash Transfer Program Targeting in Cameroon," World Development, Elsevier, vol. 83(C), pages 244-263.
    10. Dang, Hai-Anh H. & Serajuddin, Umar, 2020. "Tracking the sustainable development goals: Emerging measurement challenges and further reflections," World Development, Elsevier, vol. 127(C).
    11. S. Subramanian, 2019. "Some Logical and Normative Issues Relating to Measurement in the Social Sciences," Journal of Quantitative Economics, Springer;The Indian Econometric Society (TIES), vol. 17(4), pages 937-948, December.
    12. Saffron Woodcraft & Emmanuel Osuteye & Tim Ndezi & Festo D. Makoba, 2020. "Pathways to the ‘Good Life’: Co-Producing Prosperity Research in Informal Settlements in Tanzania," Urban Planning, Cogitatio Press, vol. 5(3), pages 288-302.
    13. Erne Suzila Kassim & Norol Hamiza Zamzuri & Siti Ayu Jalil & Sharmila Mohamed Salleh & Azhar Mohamad & Ramita Abdul Rahim, 2022. "A Social Innovation Model for Sustainable Development: A Case Study of a Malaysian Entrepreneur Cooperative (KOKULAC)," Administrative Sciences, MDPI, vol. 12(3), pages 1-16, August.
    14. Zorobabel Bicaba & Zuzana Brixiova & Mthuli Ncube, 2016. "Eliminating Extreme Poverty in Africa: Trends, Policies and the Role of International Organizations," SALDRU Working Papers 170, Southern Africa Labour and Development Research Unit, University of Cape Town.
    15. Aart Kraay & Roy Weide, 2022. "Measuring intragenerational mobility using aggregate data," Journal of Economic Growth, Springer, vol. 27(2), pages 273-314, June.
    16. Basu, Kaushik, 2013. "The method of randomization and the role of reasoned intuition," Policy Research Working Paper Series 6722, The World Bank.
    17. Sandrine Michel & Holimalala Randriamanampisoa, 2017. "The capability approach as a framework for assessing the role of microcredit in resource conversion: the case of rural households in the Madagascar highlands," Post-Print hal-01681797, HAL.
    18. Azevedo, Joao Pedro & David, Antonio C. & Bastos, Fabiano Rodrigues & Pineda, Emilio, 2014. "Fiscal adjustment and income inequality : sub-national evidence from Brazil," Policy Research Working Paper Series 6945, The World Bank.
    19. Zorobabel Bicabaa & Zuzana Brixiová & Mthuli Ncube, 2017. "Can Extreme Poverty in Sub-Saharan Africa be Eliminated by 2030?," Journal of African Development, African Finance and Economic Association (AFEA), vol. 19(2), pages 93-110.

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    More about this item

    Keywords

    Rural Poverty Reduction; Achieving Shared Growth; Services&Transfers to Poor; Economic Theory&Research; Inequality;
    All these keywords.

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