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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

    as
    1. Ankita Mishra & Ranjan Ray, 2011. "Prices, Inequality, And Poverty: Methodology And Indian Evidence," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 57(3), pages 428-448, September.
    2. (No last name available), Himanshu, 2013. "Poverty and Food Security in India," ADB Economics Working Paper Series 369, Asian Development Bank.
    3. Rosenblatt, David & McGavock, Tamara J., 2013. "A note on the simple algebra of the shared prosperity indicator," Policy Research Working Paper Series 6645, The World Bank.
    4. François Bourguignon & Christian Morrisson, 2002. "Inequality Among World Citizens: 1820-1992," American Economic Review, American Economic Association, vol. 92(4), pages 727-744, September.
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    6. Raghabendra Chattopadhyay & Esther Duflo, 2004. "Women as Policy Makers: Evidence from a Randomized Policy Experiment in India," Econometrica, Econometric Society, vol. 72(5), pages 1409-1443, September.
    7. Sen, Amartya, 1997. "On Economic Inequality," OUP Catalogue, Oxford University Press, number 9780198292975.
    8. 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, Oxford University Press, vol. 125(4), pages 1577-1625.
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    13. Shorrocks, Anthony F, 1983. "Ranking Income Distributions," Economica, London School of Economics and Political Science, vol. 50(197), pages 3-17, February.
    14. Basu, Kaushik & Mitra, Tapan, 2007. "Utilitarianism for infinite utility streams: A new welfare criterion and its axiomatic characterization," Journal of Economic Theory, Elsevier, vol. 133(1), pages 350-373, March.
    15. Sen, Amartya K, 1976. "Poverty: An Ordinal Approach to Measurement," Econometrica, Econometric Society, vol. 44(2), pages 219-231, March.
    16. Sudhir Anand & Paul Segal, 2008. "What Do We Know about Global Income Inequality?," Journal of Economic Literature, American Economic Association, vol. 46(1), pages 57-94, March.
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    18. Narayan, Ambar & Saavedra-Chanduvi, Jaime & Tiwari, Sailesh, 2013. "Shared prosperity : links to growth, inequality and inequality of opportunity," Policy Research Working Paper Series 6649, The World Bank.
    19. Palma, J.G., 2011. "Homogeneous middles vs. heterogeneous tails, and the end of the ‘Inverted-U’: the share of the rich is what it's all about," Cambridge Working Papers in Economics 1111, Faculty of Economics, University of Cambridge.
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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

    Citations

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    Cited by:

    1. World Bank, 2014. "Prosperity for All / Ending Extreme Poverty : A Note for the World Bank Group Spring Meetings 2014," World Bank Publications, The World Bank, number 17701, December.
    2. repec:bla:worlde:v:40:y:2017:i:12:p:2639-2675 is not listed on IDEAS
    3. repec:eee:jobuve:v:9:y:2018:i:c:p:45-52 is not listed on IDEAS
    4. 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.
    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. 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.

    More about this item

    Keywords

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

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