Benchmarking Global Poverty Reduction

Against what standards should we judge the developing world's overall performance against poverty going forward? The paper proposes two measures, each with both "optimistic" and "ambitious" targets for 2022, 10 years from t...

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Bibliographic Details
Main Author: Ravallion, Martin
Format: Policy Research Working Paper
Language:English
en_US
Published: 2013
Subjects:
Online Access:http://documents.worldbank.org/curated/en/2012/09/16878201/benchmarking-global-poverty-reduction
http://hdl.handle.net/10986/12095
id okr-10986-12095
recordtype oai_dc
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
en_US
topic ABSOLUTE POVERTY
ANNUAL GROWTH
ANNUAL GROWTH RATE
ANNUALIZED CHANGE
AVERAGE GROWTH
AVERAGE GROWTH RATE
AVERAGE INCOME
AVERAGE RATE
CHANGES IN POVERTY
CONSTANT ELASTICITY
CONSUMPTION POVERTY
COUNTERFACTUAL
COUNTRY DATA
COUNTRY INEQUALITY
COUNTRY LEVEL
COUNTRY PERFORMANCE
COUNTRY SPECIFIC
CROSS-COUNTRY COMPARISONS
CUMULATIVE DISTRIBUTION
CUMULATIVE DISTRIBUTION FUNCTION
DATA SET
DECLINE IN POVERTY
DECLINING INEQUALITY
DECOMPOSABLE INCOME INEQUALITY MEASURES
DEVELOPING COUNTRIES
DEVELOPING COUNTRY
DEVELOPING WORLD
DEVELOPMENT ECONOMICS
DEVELOPMENT GOALS
DEVELOPMENT POLICY
DISTRIBUTION FUNCTIONS
DISTRIBUTIONAL CHANGE
DISTRIBUTIONAL CHANGES
ECONOMIC ANALYSIS
ECONOMIC DEVELOPMENT
ECONOMIC GROWTH
ECONOMIC INEQUALITY
ECONOMIC REVIEW
ELASTICITY
EXTREME POVERTY
FINANCIAL CRISIS
GLOBAL ECONOMY
GLOBAL LEVEL
GLOBAL MARKETS
GLOBAL POVERTY
GROWTH PROCESS
GROWTH PROSPECTS
GROWTH RATE
GROWTH RATES
GROWTH TARGET
HIGH GROWTH
HIGHER INEQUALITY
HOUSEHOLD CONSUMPTION
HOUSEHOLD CONSUMPTION PER CAPITA
HOUSEHOLD LIVING STANDARDS
HOUSEHOLD SURVEY
HOUSEHOLD SURVEYS
HUMAN RIGHTS
IMPACT ON POVERTY
INCOME
INCOME DISTRIBUTION
INCOME GAP
INCOME INEQUALITY
INCOME LEVELS
INDIVIDUAL COUNTRIES
INEQUALITY
INEQUALITY CONSTANT
INEQUALITY INDEX
INEQUALITY MEASURE
INEQUALITY MEASURES
INEQUALITY REDUCTION
INEQUALITY WILL
INTERNATIONAL POVERTY LINE
LOW-INCOME COUNTRIES
MACROECONOMIC POLICIES
MEAN CONSUMPTION
MEAN LOG DEVIATION
MEASUREMENT ERRORS
MEASUREMENT OF POVERTY
MEASURING POVERTY
MIDDLE CLASS
NATIONAL ACCOUNTS
NATIONAL POVERTY
NATIONAL POVERTY LINES
NATURAL RESOURCES
NEGATIVE GROWTH
ORDINARY REGRESSIONS
POINT DECLINE
POLICY DISCUSSIONS
POLICY RESEARCH
POOR
POOR COUNTRIES
POOR HOUSEHOLDS
POOR PEOPLE
POOR POLICIES
POPULATION GROWTH
POPULATION SHARE
POPULATION SUB-GROUPS
POSITIVE GROWTH
POVERTY ACROSS COUNTRIES
POVERTY DECLINE
POVERTY ESTIMATES
POVERTY GAP
POVERTY GAP INDEX
POVERTY HEADCOUNT
POVERTY HEADCOUNT INDEX
POVERTY INCIDENCE
POVERTY INDEX
POVERTY LINE
POVERTY MEASURE
POVERTY MEASUREMENT
POVERTY MEASURES
POVERTY POVERTY
POVERTY RATE
POVERTY RATES
POVERTY REDUCTION
POVERTY REDUCTION EFFORTS
POVERTY TARGET
POWER PARITY
PRIVATE CONSUMPTION
PRO-POOR
PRO-POOR GROWTH
PUBLIC SUPPORT
QUANTILE REGRESSIONS
REAL INCOME
REDUCING INEQUALITY
REDUCING POVERTY
REGIONAL BREAKDOWN
RELATIVE DISTRIBUTION
RELATIVE INEQUALITY
RELATIVE POVERTY
RICH COUNTRIES
RISING INEQUALITY
RURAL
RURAL AREAS
RURAL POPULATION
SERIES OBSERVATIONS
STANDARD DEVIATION
TOTAL POVERTY
TOTAL POVERTY RATE
WELFARE INDICATOR
spellingShingle ABSOLUTE POVERTY
ANNUAL GROWTH
ANNUAL GROWTH RATE
ANNUALIZED CHANGE
AVERAGE GROWTH
AVERAGE GROWTH RATE
AVERAGE INCOME
AVERAGE RATE
CHANGES IN POVERTY
CONSTANT ELASTICITY
CONSUMPTION POVERTY
COUNTERFACTUAL
COUNTRY DATA
COUNTRY INEQUALITY
COUNTRY LEVEL
COUNTRY PERFORMANCE
COUNTRY SPECIFIC
CROSS-COUNTRY COMPARISONS
CUMULATIVE DISTRIBUTION
CUMULATIVE DISTRIBUTION FUNCTION
DATA SET
DECLINE IN POVERTY
DECLINING INEQUALITY
DECOMPOSABLE INCOME INEQUALITY MEASURES
DEVELOPING COUNTRIES
DEVELOPING COUNTRY
DEVELOPING WORLD
DEVELOPMENT ECONOMICS
DEVELOPMENT GOALS
DEVELOPMENT POLICY
DISTRIBUTION FUNCTIONS
DISTRIBUTIONAL CHANGE
DISTRIBUTIONAL CHANGES
ECONOMIC ANALYSIS
ECONOMIC DEVELOPMENT
ECONOMIC GROWTH
ECONOMIC INEQUALITY
ECONOMIC REVIEW
ELASTICITY
EXTREME POVERTY
FINANCIAL CRISIS
GLOBAL ECONOMY
GLOBAL LEVEL
GLOBAL MARKETS
GLOBAL POVERTY
GROWTH PROCESS
GROWTH PROSPECTS
GROWTH RATE
GROWTH RATES
GROWTH TARGET
HIGH GROWTH
HIGHER INEQUALITY
HOUSEHOLD CONSUMPTION
HOUSEHOLD CONSUMPTION PER CAPITA
HOUSEHOLD LIVING STANDARDS
HOUSEHOLD SURVEY
HOUSEHOLD SURVEYS
HUMAN RIGHTS
IMPACT ON POVERTY
INCOME
INCOME DISTRIBUTION
INCOME GAP
INCOME INEQUALITY
INCOME LEVELS
INDIVIDUAL COUNTRIES
INEQUALITY
INEQUALITY CONSTANT
INEQUALITY INDEX
INEQUALITY MEASURE
INEQUALITY MEASURES
INEQUALITY REDUCTION
INEQUALITY WILL
INTERNATIONAL POVERTY LINE
LOW-INCOME COUNTRIES
MACROECONOMIC POLICIES
MEAN CONSUMPTION
MEAN LOG DEVIATION
MEASUREMENT ERRORS
MEASUREMENT OF POVERTY
MEASURING POVERTY
MIDDLE CLASS
NATIONAL ACCOUNTS
NATIONAL POVERTY
NATIONAL POVERTY LINES
NATURAL RESOURCES
NEGATIVE GROWTH
ORDINARY REGRESSIONS
POINT DECLINE
POLICY DISCUSSIONS
POLICY RESEARCH
POOR
POOR COUNTRIES
POOR HOUSEHOLDS
POOR PEOPLE
POOR POLICIES
POPULATION GROWTH
POPULATION SHARE
POPULATION SUB-GROUPS
POSITIVE GROWTH
POVERTY ACROSS COUNTRIES
POVERTY DECLINE
POVERTY ESTIMATES
POVERTY GAP
POVERTY GAP INDEX
POVERTY HEADCOUNT
POVERTY HEADCOUNT INDEX
POVERTY INCIDENCE
POVERTY INDEX
POVERTY LINE
POVERTY MEASURE
POVERTY MEASUREMENT
POVERTY MEASURES
POVERTY POVERTY
POVERTY RATE
POVERTY RATES
POVERTY REDUCTION
POVERTY REDUCTION EFFORTS
POVERTY TARGET
POWER PARITY
PRIVATE CONSUMPTION
PRO-POOR
PRO-POOR GROWTH
PUBLIC SUPPORT
QUANTILE REGRESSIONS
REAL INCOME
REDUCING INEQUALITY
REDUCING POVERTY
REGIONAL BREAKDOWN
RELATIVE DISTRIBUTION
RELATIVE INEQUALITY
RELATIVE POVERTY
RICH COUNTRIES
RISING INEQUALITY
RURAL
RURAL AREAS
RURAL POPULATION
SERIES OBSERVATIONS
STANDARD DEVIATION
TOTAL POVERTY
TOTAL POVERTY RATE
WELFARE INDICATOR
Ravallion, Martin
Benchmarking Global Poverty Reduction
relation Policy Research Working Paper; No. 6205
description Against what standards should we judge the developing world's overall performance against poverty going forward? The paper proposes two measures, each with both "optimistic" and "ambitious" targets for 2022, 10 years from the time of writing. The first measure is absolute consumption poverty, as judged by what "poverty" means in the poorest countries. The second is a new measure of global poverty combining absolute poverty with country-specific social inclusion needs, consistently with national poverty lines. The optimistic benchmark would entail an absolute poverty rate of 9 percent in 2022, and a combined poverty rate of 40 percent, including the allowance for social inclusion. The more ambitious targets would bring the absolute rate down to 3 percent and the combined rate to 33 percent. The optimistic target would maintain the (impressive) progress against poverty of the last 20 years, without global crises to stall that progress. The ambitious target would require about a 1 percentage point higher growth rate for the gross domestic product of the developing world, as long as this did not come with a reduction in the household sector's share or any further increase in overall inequality beyond its level in 2008. Alternatively, the 3 percent target could be reached at currently expected growth rates but at the lower level of inequality found in 1999.
format Publications & Research :: Policy Research Working Paper
author Ravallion, Martin
author_facet Ravallion, Martin
author_sort Ravallion, Martin
title Benchmarking Global Poverty Reduction
title_short Benchmarking Global Poverty Reduction
title_full Benchmarking Global Poverty Reduction
title_fullStr Benchmarking Global Poverty Reduction
title_full_unstemmed Benchmarking Global Poverty Reduction
title_sort benchmarking global poverty reduction
publishDate 2013
url http://documents.worldbank.org/curated/en/2012/09/16878201/benchmarking-global-poverty-reduction
http://hdl.handle.net/10986/12095
_version_ 1764419006094114816
spelling okr-10986-120952021-04-23T14:02:59Z Benchmarking Global Poverty Reduction Ravallion, Martin ABSOLUTE POVERTY ANNUAL GROWTH ANNUAL GROWTH RATE ANNUALIZED CHANGE AVERAGE GROWTH AVERAGE GROWTH RATE AVERAGE INCOME AVERAGE RATE CHANGES IN POVERTY CONSTANT ELASTICITY CONSUMPTION POVERTY COUNTERFACTUAL COUNTRY DATA COUNTRY INEQUALITY COUNTRY LEVEL COUNTRY PERFORMANCE COUNTRY SPECIFIC CROSS-COUNTRY COMPARISONS CUMULATIVE DISTRIBUTION CUMULATIVE DISTRIBUTION FUNCTION DATA SET DECLINE IN POVERTY DECLINING INEQUALITY DECOMPOSABLE INCOME INEQUALITY MEASURES DEVELOPING COUNTRIES DEVELOPING COUNTRY DEVELOPING WORLD DEVELOPMENT ECONOMICS DEVELOPMENT GOALS DEVELOPMENT POLICY DISTRIBUTION FUNCTIONS DISTRIBUTIONAL CHANGE DISTRIBUTIONAL CHANGES ECONOMIC ANALYSIS ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC INEQUALITY ECONOMIC REVIEW ELASTICITY EXTREME POVERTY FINANCIAL CRISIS GLOBAL ECONOMY GLOBAL LEVEL GLOBAL MARKETS GLOBAL POVERTY GROWTH PROCESS GROWTH PROSPECTS GROWTH RATE GROWTH RATES GROWTH TARGET HIGH GROWTH HIGHER INEQUALITY HOUSEHOLD CONSUMPTION HOUSEHOLD CONSUMPTION PER CAPITA HOUSEHOLD LIVING STANDARDS HOUSEHOLD SURVEY HOUSEHOLD SURVEYS HUMAN RIGHTS IMPACT ON POVERTY INCOME INCOME DISTRIBUTION INCOME GAP INCOME INEQUALITY INCOME LEVELS INDIVIDUAL COUNTRIES INEQUALITY INEQUALITY CONSTANT INEQUALITY INDEX INEQUALITY MEASURE INEQUALITY MEASURES INEQUALITY REDUCTION INEQUALITY WILL INTERNATIONAL POVERTY LINE LOW-INCOME COUNTRIES MACROECONOMIC POLICIES MEAN CONSUMPTION MEAN LOG DEVIATION MEASUREMENT ERRORS MEASUREMENT OF POVERTY MEASURING POVERTY MIDDLE CLASS NATIONAL ACCOUNTS NATIONAL POVERTY NATIONAL POVERTY LINES NATURAL RESOURCES NEGATIVE GROWTH ORDINARY REGRESSIONS POINT DECLINE POLICY DISCUSSIONS POLICY RESEARCH POOR POOR COUNTRIES POOR HOUSEHOLDS POOR PEOPLE POOR POLICIES POPULATION GROWTH POPULATION SHARE POPULATION SUB-GROUPS POSITIVE GROWTH POVERTY ACROSS COUNTRIES POVERTY DECLINE POVERTY ESTIMATES POVERTY GAP POVERTY GAP INDEX POVERTY HEADCOUNT POVERTY HEADCOUNT INDEX POVERTY INCIDENCE POVERTY INDEX POVERTY LINE POVERTY MEASURE POVERTY MEASUREMENT POVERTY MEASURES POVERTY POVERTY POVERTY RATE POVERTY RATES POVERTY REDUCTION POVERTY REDUCTION EFFORTS POVERTY TARGET POWER PARITY PRIVATE CONSUMPTION PRO-POOR PRO-POOR GROWTH PUBLIC SUPPORT QUANTILE REGRESSIONS REAL INCOME REDUCING INEQUALITY REDUCING POVERTY REGIONAL BREAKDOWN RELATIVE DISTRIBUTION RELATIVE INEQUALITY RELATIVE POVERTY RICH COUNTRIES RISING INEQUALITY RURAL RURAL AREAS RURAL POPULATION SERIES OBSERVATIONS STANDARD DEVIATION TOTAL POVERTY TOTAL POVERTY RATE WELFARE INDICATOR Against what standards should we judge the developing world's overall performance against poverty going forward? The paper proposes two measures, each with both "optimistic" and "ambitious" targets for 2022, 10 years from the time of writing. The first measure is absolute consumption poverty, as judged by what "poverty" means in the poorest countries. The second is a new measure of global poverty combining absolute poverty with country-specific social inclusion needs, consistently with national poverty lines. The optimistic benchmark would entail an absolute poverty rate of 9 percent in 2022, and a combined poverty rate of 40 percent, including the allowance for social inclusion. The more ambitious targets would bring the absolute rate down to 3 percent and the combined rate to 33 percent. The optimistic target would maintain the (impressive) progress against poverty of the last 20 years, without global crises to stall that progress. The ambitious target would require about a 1 percentage point higher growth rate for the gross domestic product of the developing world, as long as this did not come with a reduction in the household sector's share or any further increase in overall inequality beyond its level in 2008. Alternatively, the 3 percent target could be reached at currently expected growth rates but at the lower level of inequality found in 1999. 2013-01-04T19:16:32Z 2013-01-04T19:16:32Z 2012-09 http://documents.worldbank.org/curated/en/2012/09/16878201/benchmarking-global-poverty-reduction http://hdl.handle.net/10986/12095 English en_US Policy Research Working Paper; No. 6205 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Publications & Research :: Policy Research Working Paper Publications & Research