The Economics of Poverty: History, Measurement, and Policy

Paperback | December 15, 2015

byMartin Ravallion

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While there is no denying that the world has made huge progress against absolute poverty over the last 200 years, until recent times the bulk of that progress had been made in wealthy countries only. The good news is that we have seen greater progress against poverty in the developing world inrecent times - indeed, a faster pace of progress against extreme poverty than the rich world saw over a period of 100 years or more of economic development. However, continuing progress is far from assured. High and rising inequality has stalled progress against poverty in many countries. We areseeing generally rising relative poverty in the rich world as a whole over recent decades. And even in the developing world, there has been less progress in reaching the poorest, who risk being left behind, and a great many people in the emerging middle class remain highly vulnerable to falling backinto poverty.The Economics of Poverty strives to support well-informed efforts to put in place effective policies to assure continuing success in reducing poverty in all its dimensions. The book reviews critically the past and present debates on the central policy issues of economic development everywhere. Howmuch poverty is there? Why does poverty exist? What can be done to eliminate poverty? Martin Ravallion provides an accessible new synthesis of current knowledge on these issues. It does not assume that readers know economics already. Those new to economics get a lot of help along the way in understanding its concepts and methods. Economics lives though its relevance to real worldproblems, and here the problem of global poverty is both the central focus and a vehicle for learning.

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While there is no denying that the world has made huge progress against absolute poverty over the last 200 years, until recent times the bulk of that progress had been made in wealthy countries only. The good news is that we have seen greater progress against poverty in the developing world inrecent times - indeed, a faster pace of pro...

Martin Ravallion holds the inaugural Edmond D. Villani Chair of Economics at Georgetown University, prior to which he was the Director of the World Bank's research department. He has advised numerous governments and international agencies on poverty and policies for fighting it, and he has written extensively on this and other subjects...

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Format:PaperbackDimensions:720 pages, 9.25 × 6.12 × 0.68 inPublished:December 15, 2015Publisher:Oxford University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0190212772

ISBN - 13:9780190212773

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Table of Contents

PART 1: HISTORY OF THOUGHT1. Origins of the Idea of a World Free of Poverty2. New Thinking on Poverty after 1950PART 2: MEASURES AND METHODS3. Measuring Welfare4. Poverty Lines5. Poverty and Inequality Measures6. Impact EvaluationPART 3: POVERTY AND POLICY7. Dimensions of Poverty and Inequality in the World8. Growth, Inequality and Poverty9. Economy-Wide and Sectoral Policies10. Targeted InterventionsConclusions: Past Progress and Future Challenges