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Grow, invest, insure : a game plan to end extreme poverty by 2030 (English)

As global extreme poverty has fallen -- by one measure, from close to 2 billion people in 1990 to about 700 million today -- the world has learned about antipoverty strategies that work. These experiences should inform the final push to end extreme poverty. In the 1960s and 1970s, when close to half of the world was living in extreme poverty, the approach that worked best consisted of two sets of complementary measures: encouraging broad-based growth that is labor using, and investing in education, health, and family planning. When extreme poverty rates came down—first in East Asia and then in other parts of the developing world—it became clear that the two-point strategy to make economies grow and enable people to invest in human capital needed a social assistance supplement to help people with disadvantages so severe that they could not benefit from economic opportunities and better social services. This two-and-a-half-point strategy has been working well over the past quarter century, and the end of extreme poverty is in sight. But more people are now at risk of slipping back into poverty because of economic, natural, and health-related hazards. To end extreme poverty by 2030, the approach now needs three complementary components: economic growth, investments in people, and measures to insure against setbacks to families, nations, and regions due to disabilities, recessions, disasters, and disease. In countries that have reduced poverty a lot and those that could do a lot better, a winning game plan for putting a quick end to extreme poverty should be based on a three-point strategy: grow, invest, and insure.

Details

  • Author

    Gill,Indermit S., Revenga,Ana L., Zeballos,Christian

  • Document Date

    2016/11/15

  • Document Type

    Policy Research Working Paper

  • Report Number

    WPS7892

  • Volume No

    1

  • Total Volume(s)

    1

  • Country

    World,

  • Region

    The World Region,

  • Disclosure Date

    2016/11/15

  • Disclosure Status

    Disclosed

  • Doc Name

    Grow, invest, insure : a game plan to end extreme poverty by 2030

  • Keywords

    extreme poverty;national health insurance scheme;life expectancy at birth;township and village enterprise;public investment in education;total factor productivity growth;Maternal and Child Mortality;literacy rate for woman;gross secondary enrollment ratio;extreme poverty rates;foreign direct investment;social insurance program;social assistance program;family planning program;education and health;official poverty line;reduction in poverty;rural poverty rate;agricultural productivity growth;agricultural productivity increase;state owned enterprise;public assistance program;births per woman;average import tariff;special economic zone;open door policy;liberalization of market;infrastructure and services;per capita income;middle school student;public pension scheme;quality of education;social protection program;high poverty incidence;basic social service;primary health care;improvements in health;social assistance scheme;secondary school enrollment;family planning policy;decline in fertility;poverty reduction effort;urban labor force;transfer of ownership;average schooling level;agricultural growth rate;primary school enrollment;social welfare spending;investments in agriculture;economic growth rate;infant mortality rate;nurses and midwives;annual economic growth;sustainable poverty reduction;decline in poverty;official poverty rate;investments in infrastructure;second world war;investments in education;high poverty rate;international poverty line;social welfare program;purchasing power parity;living in poverty;rural area;land reform;

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Citation

Gill,Indermit S. Revenga,Ana L. Zeballos,Christian

Grow, invest, insure : a game plan to end extreme poverty by 2030 (English). Policy Research working paper,no. WPS 7892 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/924111479240600559/Grow-invest-insure-a-game-plan-to-end-extreme-poverty-by-2030