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2019 | Book

Introduction Read chapter Read first chapter

The End of Poverty

Inequality and Growth in Global Perspective

Authors: Dr. Peter Edward, Dr. Andy Sumner

Publisher: Springer International Publishing

Part of: Springer Professional "Wirtschaft+Technik" , Springer Professional "Technik" , Springer Professional "Wirtschaft"

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About this book

In this book Edward and Sumner argue that to better understand the impact of global growth on poverty it is necessary to consider what happens across a wide range of poverty lines. Starting with the same datasets used to produce official estimates of global poverty, they create a model of global consumption that spans the entire world’s population. They go on to demonstrate how their model can be utilised to understand how different poverty lines imply very different visions of how the global economy needs to work in order for poverty to be eradicated.

Table of Contents

Frontmatter
Chapter 1. Introduction
Abstract
In this introduction we set out the main argument of the book which is as follows: In order to better understand the impact of growth on poverty, it is necessary to consider what happens across a wide range of poverty lines, and to understand how different poverty lines imply very different understandings of how the global economy needs to work if poverty is to be eradicated. This point is not widely recognised because it is not immediately apparent if one focuses only on poverty levels without putting them, as we do, into the context of the distribution of growth across the entire global population.
Peter Edward, Andy Sumner
Chapter 2. Growth and Distribution Since the Cold War
Abstract
In this chapter, we lay out the core empirical contention of the book. Specifically, global output and consumption doubled between 1990 and 2012. And yet, despite this dramatic increase in global consumption one in seven people still live on less than $2 a day, and more than one in three people on less than $4 a day (2011 PPP). That is not to say that growth has not been effective. Although growth has been effective at reducing poverty at lower poverty lines, there is a question mark over whether the distribution of growth has been as efficient as it needs to be if the world is to substantially reduce poverty at (slightly) higher, but arguably more reasonable, poverty lines.
Peter Edward, Andy Sumner
Chapter 3. A Model of Global Consumption, Output and Distribution
Abstract
In this chapter, we discuss our methodology. We discuss the GrIP model and its construction. This is a custom-built model of global consumption, output and distribution. We focus on the three main construction issues: the data sets used; the global population and consumption coverage; and a new adjustment for this book related to top incomes.
Peter Edward, Andy Sumner
Chapter 4. Global Poverty by Different Poverty Lines Since the Cold War
Abstract
In this chapter, we discuss trends in global poverty since the Cold War taking several poverty lines. We provide a basis for a set of stylised consumption groups based on global consumption and show how the benefits of growth were distributed since 1990.
Peter Edward, Andy Sumner
Chapter 5. The End of Global Poverty
Abstract
In this chapter, we discuss the following question: What amount of redistribution of the growth increment would have been necessary to have ended poverty at various poverty lines? We find that the data point to significant implications on the role of global economic growth in the eradication of poverty.
Peter Edward, Andy Sumner
Chapter 6. Conclusion
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.
Peter Edward, Andy Sumner
Chapter 7. Methodological Annex
Abstract
In this annex, we discuss in further depth the methodology used in the GrIP model.
Peter Edward, Andy Sumner
Backmatter
Metadata
Title
The End of Poverty
Authors
Dr. Peter Edward
Dr. Andy Sumner
Copyright Year
2019
Electronic ISBN
978-3-030-14764-8
Print ISBN
978-3-030-14763-1
DOI
https://doi.org/10.1007/978-3-030-14764-8