Twinning the Goals
How Can Promoting Shared Prosperity Help to Reduce Global Poverty
Bibliographic Data
| ID | 19920136 |
|---|---|
| Authors | Christoph Lakner (0000-0002-1354-3480), Mario Negre, Espen Beer Prydz |
| Year | 2014 |
| Publication date | 2014-11-01 |
| Open Access | No |
| Type | BOOK |
| Venue | World Bank policy research working paper (OTHER) |
| Journal identifiers | ISSN: 1813-9450 |
| Publisher | The World Bank (PUBLISHER) |
| DOI | 10.1596/1813-9450-7106 |
| OpenAlex | W1889023662 |
| Language | EN |
| Citations received | 9 |
In 2013, the World Bank adopted two \n goals: First, reduce global extreme poverty to 3 percent by \n 2030. Second, promote shared prosperity defined as the \n income growth of the bottom 40 percent of the population \n within a country. This paper simulates the global poverty \n headcount under three growth scenarios for the bottom 40 \n percent up to 2030. The analysis deploys a set of \n "shared prosperity premiums," in which the bottom \n 40 percent in each country grows at a differential rate from \n the projected growth in the mean. With no distributional \n change, the global headcount reaches between 6.7 and 4.7 \n percent in 2030, depending on the average growth scenario \n used for the simulations. However, if the incomes of the \n bottom 40 percent grow 2 percentage points faster than the \n mean, the World Bank's poverty goal is achieved with \n the global poverty falling to below 3 percent in 2030 in the \n scenarios which average growth rates are extrapolated from \n the early 2000s. While such a "shared prosperity \n premium" is not unprecedented in recent growth spells, \n maintaining it over 20 years in every country is optimistic. \n The paper shows that in the baseline growth scenario, the \n global poverty rate could either reach the 3 percent target, \n or be close to 10 percent, depending on the "shared \n prosperity premium."
Crystal twinning · Development economics · Economic growth · Economics · Political science · Poverty · Prosperity · Economic Growth and Productivity · Fiscal Policy and Economic Growth · Income, Poverty, and Inequality · Materials Science · Psychology
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| Unique citing works | 9 |
|---|---|
| Citations per year | 0,82 |
| Citation span | 2015 - 2026 (12) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 5 |