Global Poverty Reduction Slows: Brookings

The bulk of the world’s extremely poor population lives in Africa, but rates worldwide have slowed. The achievements of Asian economies like India cannot be denied, yet as more people escape poverty, life becomes harder for those left behind – this is known as the base effect. In 2015, the United Nations established goals for the year 2030, and Africa lags on ending extreme poverty, defined as living on less than $1.90 per day in 2011 PPP. Outside of Africa, most countries are poised to vanquish extreme poverty, with the exception of areas facing conflict or crises like Yemen and Venezuela. “Ten years remain for the global community to mobilize the support needed to achieve the SDGs,” writes a team for Brookings. With the poverty reduction rate slowing, new ideas and efforts are needed to pick up the previous pace. – YaleGlobal

Global Poverty Reduction Slows: Brookings

Rate of poverty reduction slowing down, with numbers increasing in several countries, many in Africa and areas of conflict and crisis
Homi Kharas, Kristofer Hamel, Martin Hofer and Baldwin Tong
Wednesday, June 12, 2019

Read the article from Brookings about the slowdown in global poverty reduction. 

Homi Kharas is the Interim vice president and director of the Global Economy and Development program. In that capacity, he studies policies and trends influencing developing countries, including aid to poor countries, the emergence of the middle class, and global governance and the G-20. Kristofer Hamel is chief operating officer for World Data Lab. Martin Hofer is a research analyst for World Data Lab. Baldwin Tong is a research analyst for World Data Lab.

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