Is Extreme Poverty Going to End? An Analytical Framework to Evaluate Progress in Ending Extreme Poverty
The 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 rat...
Main Authors: | , , |
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Language: | English en_US |
Published: |
World Bank, Washington, DC
2014
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Subjects: | |
Online Access: | http://documents.worldbank.org/curated/en/2014/01/18756975/extreme-poverty-going-end-analytical-framework-evaluate-progress-ending-extreme-poverty http://hdl.handle.net/10986/16811 |
Summary: | The 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. |
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