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Published in:
2019 | OriginalPaper | Chapter
6. Conclusion
Authors : Peter Edward, Andy Sumner
Published in: The End of Poverty
Publisher: Springer International Publishing
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Abstract
In this chapter, we conclude that the causes of the persistence of global absolute poverty, certainly at $2 and $4 per day, and its eventual elimination are less due to insufficient consumption growth overall than to the pattern of growth or the distribution of the growth increment which has not been conducive to eliminating poverty at $2 or $4. Eradicating $2 poverty may require some enhanced tax and transfers, but eradicating $4 poverty would require a substantial shift towards stronger welfare regimes. This implies that a much greater focus in policy is needed on the governance of growth—managing the pattern of growth and who benefits—if $2 or $4 poverty are to be ended. And if $10 poverty were to be ended in coming decades, a radically new form of economic organisation is needed.