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

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

Language

English

In AGRIS since: 2021-06-15

Format: AGRIS AP

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

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