Shared Prosperity and the Mitigation of Poverty : In Practice and in Precept

Basu, Kaushik

Shared Prosperity and the Mitigation of Poverty : In Practice and in Precept

2013

Basu, Kaushik

The World Bank Group recently adopted two overarching goals -- the end of extreme, chronic poverty in the world by 2030 and the promotion of shared prosperity in every society. The paper examines the normative properties of these goals, their strengths and weaknesses, and their implications for actual policymaking, especially in the presence of globalization. This is closely related to the age-old debate on growth versus direct welfare interventions as instruments for countering poverty. The paper analyzes past trends on poverty and tries to shed new light on this old debate.

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AGROVOC Keywords

climate change developing countries development economics economic development economic fluctuations economic growth economic policies extreme poverty farmers fiscal policies growth rate income income distribution international organizations living standards macroeconomics malnutrition national income neoclassical economics nutrition poverty reduction private sector public goods regression analysis rural communities rural employment taxation war world trade organization

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Publisher

World Bank, Washington, DC

Other Subjects

Chronic poverty; High growth; Headcount poverty; Poverty lines; Poor policies; Wealth; Policy making; Declining inequality; Anti-poverty policy; Poverty decline; Life expectancy; Developing world; Inequality; Farm employment; Policy research; Protectionism; Poverty mitigation; Economic inequality; Poverty rate; Skilled worker; Gdp; Population share; Political economy; Social programs; Development goals; Economics letters; Free markets; Poverty measurement; Rich countries; Global poverty; Infant mortality; Poverty policies; Net effect; Rural; National accounts; Closed economy; Post-reform; Ration shops; Impact on poverty; Economic theory; Transactions costs; Measuring poverty; Pro-poor; Policy implications; Public economics; Poverty eradication; Economic studies; Reduced poverty; Poor people; Development policy; Income distributions; Poverty measures; Aggregate income; Absolute poverty; Human development; Poor; Government subsidies; Extremely poor people; Policy discussions; Relative poverty; Macroeconomic implications; Economic policy; Real income; Income inequality; Empirical work; Polarization measures; Individual countries; Promoting equality; Income growth; Economic review; Monetary policy; Technological innovation; Poverty rates; Policy makers; Fiscal policy; Poverty line; Populous countries; Global economy; Rapid growth; Income growth rate; Poor countries; Lorenz curve; Conflict; Policy alternatives; Policy interventions; Gini index; Political conflict; Macroeconomic environment; Decomposable poverty measures; Micro data; Externalities; Growth rates; Agricultural wages; Per capita income; Economic literature; Average incomes; Anti-poverty; Poverty debate

License

Policy Research Working Paper;No. 6700http://creativecommons.org/licenses/by/3.0/igo/World BankCC BY 3.0 IGO

Source

Policy Research Working Paper;No. 6700

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http://hdl.handle.net/10986/16914

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Shared Prosperity and the Mitigation of Poverty : In Practice and in Precept

2013

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