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Measured Approach to Ending Poverty and Boosting Shared Prosperity : Concepts, Data, and the Twin Goals.

Author: World Bank
Publisher: Herndon : World Bank Publications, 2014
Edition/Format:   eBook : Document : EnglishView all editions and formats
Summary:
In 2013, the World Bank Group adopted two new goals to guide its work: ending extreme poverty and boosting shared prosperity. More specifically, the goals are to reduce extreme poverty in the world to less than 3 percent by 2030, and to foster income growth of the bottom 40 percent of the population in each country. While poverty reduction has been a mainstay of the World Bank's mission for decades, the Bank has now
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Details

Additional Physical Format: A measured approach to ending poverty and boosting shared prosperity
Washington/D.C : World Bank, 2015
xv, 279 S.
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: World Bank
ISBN: 9781464803628 1464803625
OCLC Number: 1043883431
Description: 1 online resource (327 pages)

Abstract:

In 2013, the World Bank Group adopted two new goals to guide its work: ending extreme poverty and boosting shared prosperity. More specifically, the goals are to reduce extreme poverty in the world to less than 3 percent by 2030, and to foster income growth of the bottom 40 percent of the population in each country. While poverty reduction has been a mainstay of the World Bank's mission for decades, the Bank has now set a specific goal and timetable, and for the first time, the Bank has explicitly included a goal linked to ensuring that growth is shared by all. The discussion until now has centered primarily on articulating the new goals. This report, the latest in World Bank's Policy Research Report series, goes beyond that and lays out their conceptual underpinnings, discusses their relative strengths and weaknesses by contrasting them with alternative indicators, and proposes empirical approaches and requirements to track progress towards the goals. The report makes clear that the challenges posed by the World Bank Group's new stance extend not just to the pursuit of these goals but, indeed, to their very definition and empirical content. The report also argues that an improved data infrastructure, consisting of many elements including the collection of more and better survey data, is critical to ensure that progress towards these goals can be measured, and policies to help achieve them can be identified and prioritized.

Front Cover -- Title Page -- Copyright -- Contents -- Foreword -- Acknowledgments -- Abbreviations -- Overview -- Evidence as the foundation for policy design -- Ending global poverty -- Boosting shared prosperity -- Need for transformational policies -- Alternative notions of poverty and shared prosperity -- Challenges posed by uncertainty and downside risk -- Monitoring poverty and shared prosperity -- Complementary data for tracking poverty and shared prosperity across countries and over time -- Concerted effort is needed to improve measurement methods and data -- Notes -- References -- 1. Defining and Assessing the Goal of Ending Poverty by 2030 -- A brief overview of global poverty measurement -- Assessment of the global poverty target -- Does the ending poverty target become more elusive when nearing success? -- Poverty and shared prosperity -- Notes -- References -- 2. Understanding Shared Prosperity -- The evolution of shared prosperity -- Shared prosperity decoded -- Tracking shared prosperity in practice -- Can boosting shared prosperity help end global poverty? -- Key conclusions on shared prosperity -- Notes -- References -- 3. The Twin Goals in a Broader Context -- Welfare functions with poverty lines -- Beyond the poverty line: Social welfare functions that care about everyone -- Growth and social welfare -- Going global: From country-level to global social welfare functions -- Beyond income: Multidimensional social welfare functions -- Notes -- References -- 4. Uncertainty, Downside Risk, and the Goals -- How uncertainty affects assessment of the goals -- Sources of uncertainty about progress toward the goals -- Uncertainty and the ability to assess progress toward the goals -- Notes -- References -- 5. National Profiles of Poverty and Shared Prosperity, Data, and Methods -- Comparable household survey data for effective policy.

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