Global Poverty

Global poverty declines even amid economic slowdown, World Bank says, By Maria Hollenhorst, October 2, 2016, National Public Radio: “The number of people living in extreme poverty is continuing to plunge, despite the 2008-09 financial crisis and slowing global economic growth, according to a World Bank study released Sunday.  In the report, ‘Poverty and Shared Prosperity,’ the World Bank says the progress proves that eliminating extreme poverty is an achievable goal…”

Global Poverty Measurement

The tricky work of measuring falling global poverty, October 12, 2015, The Economist: “‘This is the best news story in the world,’ said Jim Yong Kim, the president of the World Bank, of the announcement this month that the proportion of the world living in poverty is now in single digits, at 9.6%. The claim has rekindled a long smouldering debate over the reliability of such statistics.  Counting the poor is no easy task. The Bank bases its poverty figures on household surveys, which are undertaken by developing countries every few years…”

Global Poverty Line

Planet’s poor set to swell as World Bank revises poverty line, By Shawn Donnan, September 23, 2015, CNBC: “The World Bank is to make the most dramatic change to its global poverty line in 25 years, raising its measure by a half to about $1.90 per day in a move likely to swell the statistical ranks of the world’s poor by tens of millions…”

Climate Change and the World’s Poor

  • World’s poorest will feel brunt of climate change, warns World Bank, By Fiona Harvey, June 19, 2013, The Guardian: “Millions of people around the world are likely to be pushed back into poverty because climate change is undermining economic development in poor countries, the World Bank has warned. Droughts, floods, heatwaves, sea-level rises and fiercer storms are likely to accompany increasing global warming and will cause severe hardship in areas that are already poor or were emerging from poverty, the bank said in a report. Food shortages will be among the first consequences within just two decades, along with damage to cities from fiercer storms and migration as people try to escape the effects…”
  • Climate change threatens trouble in the near future, World Bank says, By Howard Schneider, June 18, 2013, Washington Post: “The World Bank is beginning to commit billions of dollars to flood prevention, water management and other projects to help major Asian cities avoid the expected impact of climate change, a dramatic example of how short the horizon has become to alleviate the effects of global warming. Places such as Bangkok, Jakarta and Ho Chi Minh City are now considered ‘hot spots’ that will bear the brunt of the impact as sea levels rise, tropical storms become more violent, and rainfall becomes both more sporadic and — in the rainy season — more intense…”

Extreme Poverty Worldwide

  • Where the world’s poorest people live, By Sudeep Reddy, April 17, 2013, Wall Street Journal: “The world’s poorest people are now concentrated most heavily in Sub-Saharan Africa after China’s huge leap in pulling its citizens out of extreme poverty in recent decades, according to new estimates released Wednesday by the World Bank. About 1.2 billion people in the world lived in extreme poverty in 2010, subsisting on less than $1.25 a day. That’s down from 1.9 billion three decades ago despite a nearly 60% increase in the developing world’s population…”
  • India has one third of world’s poorest, says World Bank, By Dean Nelson, April 18, 2013, The Telegraph: “While new figures show that the number of those in extreme poverty around the world – surviving on 82 pence per day or less – has declined significantly, India now has a greater share of the world’s poorest than it did thirty years ago. Then it was home to one fifth of the world’s poorest people, but today it accounts for one-third – 400 million. The study, The State of the Poor: Where are the Poor and Where are the Poorest?, found the number of extremely poor people had declined from half the world’s population in 1981 to one fifth in 2010, but voiced concern at its increase in Sub-Saharan Africa and continuing high level in India…”

Extreme Poverty Worldwide

  • World’s extreme poverty cut in half since 1990, By Sudeep Reddy, February 29, 2012, Wall Street Journal: “The share of people living in extreme poverty around the world continued to decline in recent years despite financial crises and surging food prices, the World Bank said today. The bank said preliminary estimates for 2010 showed that the world’s extreme poverty rate – people living below $1.25 a day – had fallen to less than half of its 1990 value. That meets the first Millennium Development Goal of halving extreme poverty from its 1990 level, before its 2015 deadline, the Washington-based development institution said…”
  • WB sees progress against extreme poverty, February 29, 2012, The Himalayan: “In every region of the developing world, the percentage of people living on less than $1.25-a-day and the number of poor declined between 2005-2008, according to estimates released today by the World Bank (WB). This across-the-board reduction over a three-year monitoring cycle marks a first since the bank began monitoring extreme poverty. Similarly, South Asia witnessed the $1.25-a-day poverty rate fall from 61 per cent to 36 per cent between 1981 and 2005 and fell a further 3.5 percentage points between 2005 and 2008. The proportion of the population living in extreme poverty is now the lowest since 1981, the global agency said, adding that its methodology is based on consumption and income, adjusted for inflation within countries and for purchasing power differences across countries…”