How Long Will It Take to Lift One Billion People Out of Poverty?

Alternative scenarios are considered for reducing by one billion the number of people surviving on less than $1.25 a day. The low-case, “pessimistic” path to that goal envisages the developing world outside China returning to the slower pace of economic growth and poverty reduction of the 1980s and...

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Main Author:	Ravallion, Martin
Format:	Journal Article
Language:	en_US
Published:	Published by Oxford University Press on behalf of the World Bank 2015
Subjects:	absolute poverty developing countries developing world Millennium Development Goals distributional change economic development economic growth growth poverty
Online Access:	http://hdl.handle.net/10986/21427

id	okr-10986-21427
recordtype	oai_dc
spelling	okr-10986-214272021-04-23T14:04:02Z How Long Will It Take to Lift One Billion People Out of Poverty? Ravallion, Martin absolute poverty developing countries developing world Millennium Development Goals distributional change economic development economic growth growth poverty Alternative scenarios are considered for reducing by one billion the number of people surviving on less than $1.25 a day. The low-case, “pessimistic” path to that goal envisages the developing world outside China returning to the slower pace of economic growth and poverty reduction of the 1980s and 1990s, but with China maintaining its progress. This path would take 50 years or more to lift one billion people out of poverty. A more optimistic path is identified that would maintain the developing world's (impressive) progress against absolute poverty since the turn of the century. This path would lift one billion people out of poverty by 2025–30. The optimistic path is consistent with both linear projections of the time-series data and nonlinear simulations of inequality-neutral growth for the developing world as a whole. 2015-02-11T18:26:55Z 2015-02-11T18:26:55Z 2013-08-01 Journal Article World Bank Research Observer 1564-6971 http://hdl.handle.net/10986/21427 en_US CC BY-NC-ND 3.0 IGO http://creativecommons.org/licenses/by-nc-nd/3.0/igo/ Published by Oxford University Press on behalf of the World Bank Publications & Research Publications & Research :: Journal Article
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	en_US
topic	absolute poverty developing countries developing world Millennium Development Goals distributional change economic development economic growth growth poverty
spellingShingle	absolute poverty developing countries developing world Millennium Development Goals distributional change economic development economic growth growth poverty Ravallion, Martin How Long Will It Take to Lift One Billion People Out of Poverty?
description	Alternative scenarios are considered for reducing by one billion the number of people surviving on less than $1.25 a day. The low-case, “pessimistic” path to that goal envisages the developing world outside China returning to the slower pace of economic growth and poverty reduction of the 1980s and 1990s, but with China maintaining its progress. This path would take 50 years or more to lift one billion people out of poverty. A more optimistic path is identified that would maintain the developing world's (impressive) progress against absolute poverty since the turn of the century. This path would lift one billion people out of poverty by 2025–30. The optimistic path is consistent with both linear projections of the time-series data and nonlinear simulations of inequality-neutral growth for the developing world as a whole.
format	Journal Article
author	Ravallion, Martin
author_facet	Ravallion, Martin
author_sort	Ravallion, Martin
title	How Long Will It Take to Lift One Billion People Out of Poverty?
title_short	How Long Will It Take to Lift One Billion People Out of Poverty?
title_full	How Long Will It Take to Lift One Billion People Out of Poverty?
title_fullStr	How Long Will It Take to Lift One Billion People Out of Poverty?
title_full_unstemmed	How Long Will It Take to Lift One Billion People Out of Poverty?
title_sort	how long will it take to lift one billion people out of poverty?
publisher	Published by Oxford University Press on behalf of the World Bank
publishDate	2015
url	http://hdl.handle.net/10986/21427
_version_	1764448230797475840

How Long Will It Take to Lift One Billion People Out of Poverty?

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