The Brookings Institute has a study on getting poverty below 3% of population by 2030. The range of poverty outcomes for 2030 is large, implying that the future trajectory of global poverty is highly uncertain. Getting to the "zero zone", defined here as a poverty rate of under 3 percent, by 2030 is unlikely to occur through stronger than expected consumption growth or an improving distribution alone. Both factors are needed simultaneously.
There is no magic ingredient for eliminating poverty. Rather it hinges on a complex recipe: better than expected consumption growth and distributional trends in favor of the poor; country-by-country progress in transitioning fragile and conflict-affected states onto a stable path; strengthening the resilience of vulnerable households and economies to other kinds of shocks; the incorporation of isolated or excluded sub-national populations into the orbit of their economies; more deliberate and efficient targeting of the poor, including the poorest of the poor, at a country and sub-national level.
While the future trajectory of global poverty is impossible to predict, our understanding of what it will take to eliminate poverty is growing. The challenge for the global community is to seize this knowledge so that the dream of achieving a poverty-free world becomes a reality
The 40-year period from 1990 to 2030 resembles a relay race in which responsibility for leading the charge on global poverty reduction passes between these three giants.
China's relay leg is the most striking. It undergoes a dramatic transformation in which its population, which is initially predominantly poor, disperses over a range of consumption levels beyond the poverty line, driven by rapid, though often inequitable, consumption growth.
Read more by NBF
There is no magic ingredient for eliminating poverty. Rather it hinges on a complex recipe: better than expected consumption growth and distributional trends in favor of the poor; country-by-country progress in transitioning fragile and conflict-affected states onto a stable path; strengthening the resilience of vulnerable households and economies to other kinds of shocks; the incorporation of isolated or excluded sub-national populations into the orbit of their economies; more deliberate and efficient targeting of the poor, including the poorest of the poor, at a country and sub-national level.
While the future trajectory of global poverty is impossible to predict, our understanding of what it will take to eliminate poverty is growing. The challenge for the global community is to seize this knowledge so that the dream of achieving a poverty-free world becomes a reality
The 40-year period from 1990 to 2030 resembles a relay race in which responsibility for leading the charge on global poverty reduction passes between these three giants.
China's relay leg is the most striking. It undergoes a dramatic transformation in which its population, which is initially predominantly poor, disperses over a range of consumption levels beyond the poverty line, driven by rapid, though often inequitable, consumption growth.
Read more by NBF
