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Monday 21 Aug 2017 | 22:13 | SYDNEY
Monday 21 Aug 2017 | 22:13 | SYDNEY

The end of poverty: Within reach?

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28 January 2011 12:44

A new Brookings paper tells a remarkable story about global poverty reduction: 

Note the heading on that graph. The first Millennium Development Goal — to halve the rate of global poverty by 2015, from 1990 levels — may already have been achieved. (Nb. the authors acknowledge that their China and India figures are far more optimistic than those of the World Bank.*)

The 'Policy Implications' section of the paper will also interest readers of our companion blog, Interpreting the Aid Review. The authors favour cash transfers and recommend that donors focus on sub-Saharan Africa and fragile states.

* UPDATE: I misinterpreted this slightly — the difference between the World Bank and Brookings relates only to future rates of poverty in India and China (out to 2015). The co-author of this paper, Laurence Chandy, tells me the figures for 2005 to today are not the subject of dispute, since the World Bank presently has no figures for this period, and the authors are using their own statistics.

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