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Philanthropy, Welfare Capitalism or Radically Different Global Economic Model: What Would It Take to End Global Poverty within a Generation Based on Historical Growth Patterns? - Working Paper 413

Lookup NU author(s): Dr Peter Edward

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This is the final published version of a working paper that has been published in its final definitive form by Center for Global Development, 2015.

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Abstract

This paper considers the effectiveness and efficiency of global growth, as a route to poverty reduction, since 1990 and then demonstrates the redistributive challenges implicit in various poverty lines and scenarios: the significance being that this historical data can inform understanding and appreciation of what it would involve to end global poverty in the future. We find that a very modest redistribution of global growth could have ended poverty already at the lowest poverty lines. However, higher, but arguably more reasonable, poverty lines present radically different challenges to the current workings of national economic systems and to global (normative) obligations

Publication metadata

Author(s): Edward P, Sumner A

Publication type: Working Paper

Publication status: Published

Journal: Center for Global Development Working Papers

Year: 2015

Pages: 32

Publisher: Center for Global Development

URL: http://www.cgdev.org/sites/default/files/Edward_Sumner_End_Global_Poverty_wp413.pdf

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