Grow, Invest, Insure : A Game Plan to End Extreme Poverty by 2030
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...
| Main Authors: | , , |
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| Format: | Working Paper |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2016
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/924111479240600559/Grow-invest-insure-a-game-plan-to-end-extreme-poverty-by-2030 http://hdl.handle.net/10986/25694 |
| Summary: | 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. |
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