Tesco
Prosperity For All
Report

Prosperity For All

Ending Extreme Poverty

World Bank Group
World Bank, 2014
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Editorial Rating

8

Qualities

  • Innovative
  • Eye Opening
  • Inspiring

Recommendation

The World Bank Group set two major objectives in its quest to reduce global poverty: The first is to cut the number of people subsisting on less than $1.25 per day to just 3% of the population by 2030, down from 17.7% in 2010. The second is to track the income advances of “the bottom 40%” rather than tracking nations’ average economic progress. The magnitude and significance of these efforts lead getAbstract to recommend this incisive report to policy makers, NGO executives and anyone concerned with the plight of the global poor.

Take-Aways

  • The World Bank Group (WBG) aims to lower the percentage of people in “extreme poverty” – subsisting on less than $1.25 a day – from 17.7% in 2010 to 3% by 2030.
  • The WBG also wants to ensure “shared prosperity” by tracking “the bottom 40%” to gauge economic progress. Increases in the incomes of a society’s poorest people are a better barometer of general well-being than average inequality statistics.
  • Almost two-thirds of the world’s impoverished people live in India, China, Nigeria, Bangladesh and the Democratic Republic of Congo. Indonesia, Pakistan, Tanzania, Ethiopia and Kenya bring the total to 80% of the world’s poor.

About the Author

The World Bank Group provides financial and technical assistance to developing countries.

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