Description: How Long Will It Take to Lift One Billion People Out of Poverty?

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How Long Will It Take to Lift One Billion People Out of Poverty?

Alternative scenarios are considered for reducing by one billion the number of people living below $1.25 a day. The low-case, "pessimistic," path to that goal would see the developing world outside China returning to its slower pace of gr...

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Bibliographic Details
Main Author:	Ravallion, Martin
Language:	English en_US
Published:	World Bank, Washington, DC 2013
Subjects:	ABSOLUTE POVERTY ABSOLUTE VALUE ACCESS TO SCHOOLING AGGREGATE POVERTY AGGREGATION BIAS ANNUAL GROWTH ANNUAL GROWTH RATE ANNUAL RATE AVERAGE INCOMES AVERAGE INEQUALITY CAPACITY BUILDING CAPITAL FLOWS CHANGES IN POVERTY CONSTANT ELASTICITY CONSUMPTION GROWTH CONSUMPTION PER CAPITA CONVERGENCE PROCESS COUNTRY INEQUALITY COUNTRY LEVEL CROSS-COUNTRY COMPARISONS CUMULATIVE DISTRIBUTION CUMULATIVE DISTRIBUTION FUNCTION DECOMPOSABLE INCOME INEQUALITY MEASURES DEVELOPING COUNTRIES DEVELOPING WORLD DEVELOPMENT ECONOMICS DEVELOPMENT GOALS DEVELOPMENT INDICATORS DEVELOPMENT POLICY DIMENSIONS OF POVERTY DISTRIBUTIONAL CHANGE DISTRIBUTIONAL CHANGES ECONOMIC ANALYSIS ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC GROWTH PERFORMANCE ECONOMIC GROWTH PROSPECTS ECONOMIC INEQUALITY ECONOMIC PERFORMANCE ECONOMIC REVIEW ECONOMICS LETTERS ECONOMICS LITERATURE ELASTICITY ENVIRONMENTAL SUSTAINABILITY EXTREME POVERTY FINANCIAL CRISIS FORM OF POVERTY GLOBAL ECONOMY GLOBAL LEVEL GLOBAL POVERTY GROWTH PERFORMANCE GROWTH PROSPECTS GROWTH RATE GROWTH RATES HEALTH CARE HIGH INEQUALITY HIGHER INEQUALITY HOUSEHOLD CONSUMPTION HOUSEHOLD LIVING STANDARDS HOUSEHOLD SURVEYS HUMAN RIGHTS INCIDENCE OF POVERTY INCOME DISTRIBUTION INCOME INEQUALITY INCOME LEVELS INDIVIDUAL COUNTRIES INEQUALITY FALLS INEQUALITY INDEX INEQUALITY MEASURES INEQUALITY REDUCTION INEQUALITY WILL LIFE EXPECTANCY MACROECONOMIC POLICIES MARGINAL TAX MARGINAL TAX RATES MEAN CONSUMPTION MEAN INCOME MEAN LOG DEVIATION MEASUREMENT ERRORS MICRO DATA NATIONAL ACCOUNTS NATURAL RESOURCES 0 HYPOTHESIS OBSERVED POVERTY REDUCTION POINT DECLINE POLICY DISCUSSIONS POLICY REFORMS POLICY RESEARCH POLITICAL STABILITY POOR POOR COUNTRIES POOR HOUSEHOLDS POOR PEOPLE POPULATION GROWTH POVERTY GAP POVERTY GAP INDEX POVERTY INCIDENCE POVERTY LINE POVERTY MEASURE POVERTY MEASURES POVERTY RATE POVERTY RATES POVERTY REDUCING POVERTY REDUCTION POVERTY TRAPS POWER PARITY PRIVATE CONSUMPTION PUBLIC SUPPORT REDUCING INEQUALITY REDUCING POVERTY REDUCTION IN POVERTY REGIONAL BREAKDOWN RELATIVE DISTRIBUTION RISING INEQUALITY SAVINGS SERIES DATA SERIES OBSERVATIONS SIGNIFICANT NEGATIVE TARGETED TRANSFERS TARGETING
Online Access:	http://documents.worldbank.org/curated/en/2013/01/17194882/long-take-lift-one-billion-people-out-poverty http://hdl.handle.net/10986/12166

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Summary:	Alternative scenarios are considered for reducing by one billion the number of people living below $1.25 a day. The low-case, "pessimistic," path to that goal would see the developing world outside China returning to its slower pace of growth and poverty reduction of the 1980s and 1990s, though with China maintaining its progress. This path would take another 50 years or more to lift one billion people out of poverty. The more optimistic path would maintain the (impressive) progress against poverty since 2000, which would instead reach the target by around 2025-30. This scenario is consistent with both linear projections of the time series data and non-linear simulations of inequality-neutral growth for the developing world as a whole.