Is Extreme Poverty Going to End? An Analytical Framework to Evaluate Progress in Ending Extreme Poverty

27 Pages Posted: 20 Apr 2016

Date Written: January 1, 2014

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

Suggested Citation

Yoshida, Nobuo and Uematsu, Hiroki and Sobrado, Carlos E., Is Extreme Poverty Going to End? An Analytical Framework to Evaluate Progress in Ending Extreme Poverty (January 1, 2014). World Bank Policy Research Working Paper No. 6740, Available at SSRN: https://ssrn.com/abstract=2375459

Nobuo Yoshida (Contact Author)

World Bank ( email )

1818 H Street, NW
Washington, DC 20433
United States

Hiroki Uematsu

World Bank ( email )

1818 H Street, NW
Washington, DC 20433
United States

Carlos E. Sobrado

World Bank ( email )

1818 H Street, NW
Washington, DC 20433
United States

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
421
Abstract Views
1,785
rank
102,569
PlumX Metrics