Are global incomes converging or diverging? Despite recent empirical evidence supporting the hypothesis of unconditional beta convergence, this paper argues that such findings overlook the stark reality facing the world’s poorest people. Many lower income countries, including those among the so-called “Bottom Billion,” continue to slip further behind the rest of the world, while the numbers of those living in extreme poverty are beginning to rise...
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DETAILS
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2023/12/01
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Policy Research Working Paper
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WPS10622
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1
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2023/12/01
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Disclosed
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Are the Poorest Catching Up ?
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Citation
Cust,James Frederick; Collier,Paul; Rivera-Ballesteros, lexis.
Are the Poorest Catching Up ? (English). Policy Research working paper ; no. WPS 10622; RRR Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/099257212012320427