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A measured approach to ending poverty and boosting shared prosperity : concepts, data, and the twin goals (English)

Although poverty reduction has been a mainstay of its work for decades, the World Bank has for the first time, committed to a specific poverty reduction target to guide its work. Similarly, the goal to boost shared prosperity gives more explicit attention to inclusive growth than has been the case in the past and paves the way for a focus on inequality, not only of opportunity but also of final outcomes. The goals seek to provide the global development community with a unified sense of purpose and to galvanize action around clear and easily communicable objectives. This report goes beyond motivating the importance of the new goals, to focusing squarely on issues of measurement and data. The objective of the report is to articulate what measuring the poverty and shared prosperity goals entails and to identify areas where improvements in data are needed to assess and monitor them. The chapters lay out the conceptual underpinnings of the World Bank's two goals and assess what reaching them will require; discuss the relative strengths and weaknesses of the goals by contrasting them with alternative indicators; and present empirical approaches to tracking progress. This policy research report is structured in three parts, mirroring the three broad aims of the report. The first part provides a general overview of the conceptual underpinnings of the two goals and their assessment. The second part places the World Bank's two goals in a wider context. The third part of the report specifically addresses issues related to the empirical monitoring of the goals in greater technical detail.

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Citation

Chen,Shaohua Jolliffe,Dean Mitchell Kraay,Aart C. Lanjouw,Peter F. Meyer,Christian Johannes Negre Rossignoli,Mario Prydz,Espen Beer Vakis,Renos Wethli,Ruth Kyla Dolny

A measured approach to ending poverty and boosting shared prosperity : concepts, data, and the twin goals (English). A World Bank policy research report Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/197121468337164983/A-measured-approach-to-ending-poverty-and-boosting-shared-prosperity-concepts-data-and-the-twin-goals