Shared Prosperity and the Mitigation of Poverty : In Practice and in Precept
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World Bank, Washington, DC
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The World Bank Group recently adopted
two overarching goals -- the end of extreme, chronic poverty
in the world by 2030 and the promotion of shared prosperity
in every society. The paper examines the normative
properties of these goals, their strengths and weaknesses,
and their implications for actual policymaking, especially
in the presence of globalization. This is closely related to
the age-old debate on growth versus direct welfare
interventions as instruments for countering poverty. The
paper analyzes past trends on poverty and tries to shed new
light on this old debate.
Palabras clave
ABSOLUTE POVERTY, AGGREGATE INCOME, AGRICULTURAL WAGES, ANTI-POVERTY, ANTI-POVERTY POLICY, AVERAGE INCOMES, CHRONIC POVERTY, CLIMATE CHANGE, CLOSED ECONOMY, CONFLICT, DECLINING INEQUALITY, DECOMPOSABLE POVERTY MEASURES, DEVELOPING COUNTRIES, DEVELOPING WORLD, DEVELOPMENT ECONOMICS, DEVELOPMENT GOALS, DEVELOPMENT POLICY, ECONOMIC DEVELOPMENT, ECONOMIC FLUCTUATIONS, ECONOMIC GROWTH, ECONOMIC INEQUALITY, ECONOMIC LITERATURE, ECONOMIC POLICIES, ECONOMIC POLICY, ECONOMIC REVIEW, ECONOMIC STUDIES, ECONOMIC THEORY, ECONOMICS LETTERS, EMPIRICAL WORK, EXTERNALITIES, EXTREME POVERTY, EXTREMELY POOR PEOPLE, FARM EMPLOYMENT, FARMERS, FISCAL POLICIES, FISCAL POLICY, FREE MARKETS, GDP, GINI INDEX, GLOBAL ECONOMY, GLOBAL POVERTY, GOVERNMENT SUBSIDIES, GROWTH RATE, GROWTH RATES, HEADCOUNT POVERTY, HIGH GROWTH, HUMAN DEVELOPMENT, IMPACT ON POVERTY, INCOME, INCOME DISTRIBUTION, INCOME DISTRIBUTIONS, INCOME GROWTH, INCOME GROWTH RATE, INCOME INEQUALITY, INDIVIDUAL COUNTRIES, INEQUALITY, INFANT MORTALITY, INTERNATIONAL ORGANIZATIONS, LIFE EXPECTANCY, LIVING STANDARDS, LORENZ CURVE, MACROECONOMIC ENVIRONMENT, MACROECONOMIC IMPLICATIONS, MACROECONOMICS, MALNUTRITION, MEASURING POVERTY, MICRO DATA, MONETARY POLICY, NATIONAL ACCOUNTS, NATIONAL INCOME, NEOCLASSICAL ECONOMICS, NET EFFECT, NUTRITION, PER CAPITA INCOME, POLARIZATION MEASURES, POLICY ALTERNATIVES, POLICY DISCUSSIONS, POLICY IMPLICATIONS, POLICY INTERVENTIONS, POLICY MAKERS, POLICY MAKING, POLICY RESEARCH, POLITICAL CONFLICT, POLITICAL ECONOMY, POOR, POOR COUNTRIES, POOR PEOPLE, POOR POLICIES, POPULATION SHARE, POPULOUS COUNTRIES, POST-REFORM, POVERTY DEBATE, POVERTY DECLINE, POVERTY ERADICATION, POVERTY LINE, POVERTY LINES, POVERTY MEASUREMENT, POVERTY MEASURES, POVERTY MITIGATION, POVERTY POLICIES, POVERTY RATE, POVERTY RATES, POVERTY REDUCTION, PRIVATE SECTOR, PRO-POOR, PROMOTING EQUALITY, PROTECTIONISM, PUBLIC ECONOMICS, PUBLIC GOODS, RAPID GROWTH, RATION SHOPS, REAL INCOME, REDUCED POVERTY, REGRESSION ANALYSIS, RELATIVE POVERTY, RICH COUNTRIES, RURAL, RURAL COMMUNITIES, RURAL EMPLOYMENT, SKILLED WORKER, SOCIAL PROGRAMS, TAXATION, TECHNOLOGICAL INNOVATION, TRANSACTIONS COSTS, WAR, WEALTH, WORLD TRADE ORGANIZATION