Abstract

http://ssrn.com/abstract=1259575
 
 

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The Developing World is Poorer than We Thought, But No Less Successful in the Fight Against Poverty


Shaohua Chen


World Bank; World Bank - Development Research Group (DECRG)

Martin Ravallion


Georgetown University

August 1, 2008

World Bank Policy Research Working Paper No. 4703

Abstract:     
The paper presents a major overhaul to the World Bank's past estimates of global poverty, incorporating new and better data. Extreme poverty-as judged by what"poverty"means in the world's poorest countries-is found to be more pervasive than we thought. Yet the data also provide robust evidence of continually declining poverty incidence and depth since the early 1980s. For 2005 we estimate that 1.4 billion people, or one quarter of the population of the developing world, lived below our international line of $1.25 a day in 2005 prices; 25 years earlier there were 1.9 billion poor, or one half of the population. Progress was uneven across regions. The poverty rate in East Asia fell from almost 80 percent to under 20 percent over this period. By contrast it stayed at around 50 percent in Sub-Saharan Africa, though with signs of progress since the mid 1990s. Because of lags in survey data availability, these estimates do not yet reflect the sharp rise in food prices since 2005.

Number of Pages in PDF File: 54

Keywords: Rural Poverty Reduction, Regional Economic Development, Achieving Shared Growth, Services & Transfers to Poor

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Date posted: August 27, 2008  

Suggested Citation

Chen, Shaohua and Ravallion, Martin, The Developing World is Poorer than We Thought, But No Less Successful in the Fight Against Poverty (August 1, 2008). World Bank Policy Research Working Paper Series, Vol. , pp. -, 2008. Available at SSRN: http://ssrn.com/abstract=1259575

Contact Information

Shaohua Chen (Contact Author)
World Bank ( email )
1818 H Street, N.W.
Washington, DC 20433
United States
World Bank - Development Research Group (DECRG)
1818 H. Street, N.W.
MSN3-311
Washington, DC 20433
United States
Martin Ravallion
Georgetown University ( email )
Washington, DC 20057
United States
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