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...
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| Format: | Working Paper |
| Language: | English en_US |
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World Bank, Washington, DC
2016
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| 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 |
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okr-10986-256942021-06-08T14:42:46Z Grow, Invest, Insure : A Game Plan to End Extreme Poverty by 2030 Gill, Indermit S. Revenga, Ana Zeballos, Christian poverty economic growth human capital investment social insurance extreme poverty social assistance hazards risk 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. 2016-12-06T22:11:58Z 2016-12-06T22:11:58Z 2016-11 Working Paper 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 English en_US Policy Research Working Paper;No. 7892 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Working Paper Africa East Asia and Pacific South Asia East Asia South Asia Sub-Saharan Africa Korea, Republic of Taiwan, China Thailand |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
poverty economic growth human capital investment social insurance extreme poverty social assistance hazards risk |
| spellingShingle |
poverty economic growth human capital investment social insurance extreme poverty social assistance hazards risk Gill, Indermit S. Revenga, Ana Zeballos, Christian Grow, Invest, Insure : A Game Plan to End Extreme Poverty by 2030 |
| geographic_facet |
Africa East Asia and Pacific South Asia East Asia South Asia Sub-Saharan Africa Korea, Republic of Taiwan, China Thailand |
| relation |
Policy Research Working Paper;No. 7892 |
| description |
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. |
| format |
Working Paper |
| author |
Gill, Indermit S. Revenga, Ana Zeballos, Christian |
| author_facet |
Gill, Indermit S. Revenga, Ana Zeballos, Christian |
| author_sort |
Gill, Indermit S. |
| title |
Grow, Invest, Insure : A Game Plan to End Extreme Poverty by 2030 |
| title_short |
Grow, Invest, Insure : A Game Plan to End Extreme Poverty by 2030 |
| title_full |
Grow, Invest, Insure : A Game Plan to End Extreme Poverty by 2030 |
| title_fullStr |
Grow, Invest, Insure : A Game Plan to End Extreme Poverty by 2030 |
| title_full_unstemmed |
Grow, Invest, Insure : A Game Plan to End Extreme Poverty by 2030 |
| title_sort |
grow, invest, insure : a game plan to end extreme poverty by 2030 |
| publisher |
World Bank, Washington, DC |
| publishDate |
2016 |
| url |
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 |
| _version_ |
1764459916004687872 |