Poor trends - The pace of poverty reduction after the Millennium Development Agenda

R Bluhm, D.P.I. de Crombrugghe, A. Szirmai

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Abstract

We review the origins of the dollar-a-day poverty line, discuss
historical poverty and inequality trends, and forecast poverty rates
until 2030 using a new fractional response approach. Three findings
stand out. First, global poverty reduction since 1981 has been rapid but
regional trends are heterogeneous. Second, the pace of poverty reduction
at 1.25$ a day will slow down. Our optimistic scenarios suggest a
poverty rate of 8-9% in 2030, far short of the World Bank's new 3%
target. Third, rapid progress can be maintained at 2$ a day, with an
additional one billion people crossing that line by 2030.

Keywords: poverty, inequality, consumption growth
Original languageEnglish
Place of PublicationMaastricht
PublisherUNU-MERIT
Publication statusPublished - 1 Jan 2014

Publication series

SeriesUNU-MERIT Working Papers
Number006

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