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Poverty, growth and inequality over the next 50 years

Author: Evan Hillebrand
Organisation: Food and Agriculture Organization of the United Nations Economic and Social Development Department
Publish Date: June 2009
Country: Global
Sector: Public
Method: Creative thinking
Theme: Poverty
Type: Other publication
Language: English
Tags: Poverty, Poverty reduction, Poverty measurement, Poverty changes, Global trends, Economic forecasting, Growth rate

Looks at economic growth, poverty, and inequality—a view from 1820 to 2050. This paper has projected world poverty rates, headcounts, inequality measures, and absolute income gaps to 2050, based on two different scenarios for global economic growth. In the optimistic growth scenario the global poverty rate at the $1.25 a day standard falls sharply, from 21.3 percent in 2005 to 2.5 percent in 2050 and the number of people living in extreme poverty falls by 1.1 billion people. The absolute gap between per capita incomes in the OECD and the non-OECD countries, however, and the global Gini coefficient remain high.
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