Shortfall of Domestic Resources to Eradicate Extreme Poverty by 2030

Adrien Fabre

World Inequality Lab Working Papers from HAL

Abstract: In 2015, the Sustainable Development Goals set the eradication of extreme poverty by 2030 as a universally agreed objective. This paper analyses the prospects for achieving this goal country by country. Without a reduction in inequality, even with a very optimistic annual growth rate of 7% between 2022 and 2030, 3% of humans would still be living in extreme poverty in 2030. National capacity to eradicate poverty is then measured using the concepts of antipoverty cap or antipoverty tax required to finance poverty eradication, and income floor (financed by a given income tax). With credible annual growth of 3%, even capping incomes at $7 a day cannot eradicate extreme poverty in 5 low-income countries. In other words, neither growth alone nor growth combined with radical domestic redistribution could eradicate extreme poverty by 2030. By contrast, a transfer of just 0.14% of global income could achieve this goal.

Date: 2024-03
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-04563841
References: Add references at CitEc
Citations:

Downloads: (external link)
https://shs.hal.science/halshs-04563841/document (application/pdf)

Related works:
Working Paper: Shortfall of Domestic Resources to Eradicate Extreme Poverty by 2030 (2024)
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:hal:wilwps:halshs-04563841

Access Statistics for this paper

More papers in World Inequality Lab Working Papers from HAL
Bibliographic data for series maintained by Caroline Bauer ().