Ending Extreme Poverty and Sharing Prosperity

Cruz, Marcio; Foster, James E.; Quillin, Bryce; Schellekens, Philip

Ending Extreme Poverty and Sharing Prosperity

2015

Cruz, Marcio | Foster, James E. | Quillin, Bryce | Schellekens, Philip

With 2015 marking the transition from the Millennium to the Sustainable Development Goals, the international community can celebrate many development successes since 2000. Three key challenges stand out: the depth of remaining poverty, the unevenness in shared prosperity, and the persistent disparities in non-income dimensions of development. First, the policy discourse needs to focus more directly on the poorest among the poor. While pockets of ultra-poverty exist around the world, Sub-Saharan Africa is home to most of the deeply poor. To make depth a more central element in policy formulation, easy-to-communicate measures are needed, and this note attempts a step in this direction with person-equivalent measures of poverty. Second, the eradication of poverty in all of its forms requires steady growth of the incomes of the bottom 40 percent. Yet, economic growth, a key driver of shared prosperity, may not be as buoyant as before the global financial crisis. Third, unequal progress in non-income dimensions of development requires addressing widespread inequality of opportunity, which transmits poverty across generations and erodes the pace and sustainability of progress for the bottom 40. To meet these challenges, three ingredients are core to the policy agenda: sustaining broad-based growth, investing in human development, and insuring the poor and vulnerable against emerging risks.

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AGROVOC Keywords

access to markets agricultural prices agricultural productivity agricultural sector agricultural technology cash transfers climate change climatic change death drinking water economic growth economic policies extreme poverty famine farmers health insurance household consumption household income household surveys human capital income income distribution insurance land degradation land reform malnutrition nutrition poverty poverty alleviation poverty reduction rural areas rural finance rural poor rural poverty sanitation savings social policies targeting unemployment

Bibliographic information

Other Subjects

Poor; Extreme” poverty; Food items; Public unemployment; Income” poverty; Poor infrastructure; Smallholder farming; Equitable access; Conflict; Household welfare; Child mortality; Poverty indices; Poverty data; Rural; Poverty line; Poverty update; Poverty reduction efforts; Incidence of poverty; Poor person; Income poverty; Income inequality; Poverty incidence; Poverty analysis; Poverty gap; Poverty across countries; Human capital levels; Income support; Measures; Anti-poverty policy; National poverty lines; Global poverty; Rural poverty line; Repeated shocks; Poor households; Poverty measures; Income growth; Poverty assessment; Clean water; Household chores; International poverty line; Political economy; Inequality; Poverty assessments; High population density; Global poverty target; Poor people; Absolute poverty; Rural livelihoods; Extreme poverty line; Employment income; Agricultural output; Human development; Poor health; Poverty levels; Transfers; Poor areas; Poverty focus; Safety nets; Poor countries; Household survey; Income gap; Poverty rates; Poverty headcount rate; Social programs; Poverty eradication; Temporary unemployment; Social insurance programs; Rural gap; Agricultural productivity growth; Economic diversification; Employment opportunities; Risks; Poverty measurement; Market failures; Poverty threshold; Social assistance; Impact of shocks; Poverty gap index; Food price; Rural poverty lines; Counterfactual; Poor populations; Anti-poverty; Rural electrification; International poverty lines; Income dynamics; Administrative costs; Income shares; Macroeconomic stability; Consumption expenditures; Labor market policies; Poverty target; Public spending; Redistributive policies; Poverty index; Poor living; Food price policies; Idiosyncratic shocks; Poverty lines; National poverty; Poverty estimates

Language

English

In AGRIS since: 2021-06-15

Format: AGRIS AP

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This bibliographic record has been provided by World Bank

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Links

http://hdl.handle.net/10986/23604

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