Can Dreams Come True? Eliminating Extreme Poverty in Africa by 2030

Abstract

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How Much Does Reducing Inequality Matter for Global Poverty?

“…Others have projected distribution-neutral growth but chosen initial distributions with different levels of inequality (Ravallion, 2013;Edward and Sumner, 2014). Other studies, which are most closely related to the approach taken by this paper, simulate additional distributional changes, by extrapolating the trend in the Q5/Q1 ratio (Edward and Sumner, 2014;Hillebrand, 2008;Higgins and Williamson,2002), the Palma ratio (Chandy et al, 2013), or the income share of the bottom 40% (Ncube et al, 2014). A previous version of this paper used differences in growth rates of the bottom 40% and the mean to project poverty towards 2030 (Lakner et al 2014), similar to Hoy and Samman (2015).…”

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“…In the world, the regional share of residents living in extreme poverty is high in African continent. According to the evidence, 47.9 percent of population is living in extreme poverty in this continent (Ncube et al, 2015).…”

Growth and Development Finance Required for Achieving Sustainable Development Goals (SDGs) in Africa

“…In light of the fact that reducing extreme poverty to zero might be unrealistic for most countries, there has been extensive effort to determine what is feasible. Examples of studies include World Bank (), Ncube et al (), Ravallion (), Chandy et al (). For instance, Ncube et al () use simulation‐based experience to show that eliminating extreme poverty by 2030 will not be possible even under the best case scenario on growth and redistribution.…”

“…Examples of studies include World Bank (), Ncube et al (), Ravallion (), Chandy et al (). For instance, Ncube et al () use simulation‐based experience to show that eliminating extreme poverty by 2030 will not be possible even under the best case scenario on growth and redistribution. They show that a more realistic goal, especially for Africa, would be reducing extreme poverty by two‐thirds of its current level.…”