Is extreme poverty going to end ? an analytical framework to evaluate progress in ending extreme poverty

Nobuo Yoshida, Hiroki Uematsu and Carlos E. Sobrado

No 6740, Policy Research Working Paper Series from The World Bank

Abstract: 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.

Keywords: Rural Poverty Reduction; Achieving Shared Growth; Regional Economic Development; Inequality (search for similar items in EconPapers)
Date: 2014-01-01
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (11)

Downloads: (external link)
http://www-wds.worldbank.org/external/default/WDSC ... ered/PDF/WPS6740.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wbk:wbrwps:6740

Access Statistics for this paper

More papers in Policy Research Working Paper Series from The World Bank 1818 H Street, N.W., Washington, DC 20433. Contact information at EDIRC.
Bibliographic data for series maintained by Roula I. Yazigi ().