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The Economics of Poverty
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The Economics of Poverty: History, Measurement, and Policy

Martin Ravallion

Abstract

The last thirty years has seen much progress against extreme poverty in the world—a faster pace of progress than was seen over the prior 100 years or more of economic development globally. However, continuing progress is far from assured. High and rising inequality has stalled progress against poverty in many countries. We are seeing generally rising relative poverty—judged by the standards of the country and time one live in— over recent decades. There has been less progress in reaching the world’s poorest, who risk being left behind. And a great many people in the emerging middle class remai ... More

Keywords: absolute poverty, relative poverty, inequality, economic development, policy debates

Bibliographic Information

Print publication date: 2016 Print ISBN-13: 9780190212766
Published to Oxford Scholarship Online: January 2016 DOI:10.1093/acprof:oso/9780190212766.001.0001

Authors

Affiliations are at time of print publication.

Martin Ravallion, author
Edmond D. Villani Professor of Economics, Georgetown University