Poverty and Shared Prosperity 2018 Flashcards
Who released the report on Poverty - “Poverty and Shared Prosperity 2018” ?
World Bank
What is the income of people who are said to be living in extreme poverty ?
< 1.90$
What was the improvement in % of people living in extreme poverty from 1990 to 2015 ?
36% to 10%
What was the percentage drop of people in extreme poverty in South Asia from 1990 to 2015 ?
35% from half a billion to 210 Million
Why is extreme poverty being concentrated in Sub-Saharan Africa ?
Slower growth,
Weak institutions
Which continent must the world focus on removing poverty from ?
Africa
What is definition of shared prosperity ?
Growth in income of poorest 40%
What were the two main goals introduced by World Bank in 2013 ?
- Ending Poverty
2. Shared Prosperity
What are World Bank’s new measures of poverty ?
- Multidimensional Poverty Index
- New Poverty Lines
- Social Poverty Line
- Individual Level of Poverty
How much of the world’s population lives under $5.5 a day ?
Nearly half 46%
What is the reason for raising poverty line ?
Minimum Basic Needs price changes
Which commission set the recommendations for Social Poverty Line ?
Atkinson Commission on Global Poverty
What is SPL a combination of ?
IPL and line relative to median income in each country
What is the reason SPL takes into account income for each country ?
Cost of performing same function in different countries varies
How is individual poverty different from current measures of poverty ?
Current model assigns the entire household the same status
