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Global Poverty and Inequality: Are the revised estimates open to an alternative interpretation?

Lookup NU author(s): Dr Peter Edward

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This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License (CC BY-NC-ND).


Abstract

The level of, and trends in, global inequality and global poverty are indicative assessments of who has benefited from economic growth. The revision of price data has led to a reassessment of those estimates. Through an extensive overview of the implications, we argue that the data can be read in different ways. Official estimates show global extreme poverty and global inequality are considerably lower than previously thought. We argue that these changes are much less significant than they at first appear and we present a more nuanced alternative interpretation by exploring changes across the entire global distribution.


Publication metadata

Author(s): Edward P, Sumner A

Publication type: Article

Publication status: Published

Journal: Third World Quarterly

Year: 2018

Volume: 39

Issue: 3

Pages: 487-509

Online publication date: 13/12/2017

Acceptance date: 02/11/2017

Date deposited: 08/12/2017

ISSN (print): 0143-6597

ISSN (electronic): 1360-2241

Publisher: Taylor and Francis

URL: https://doi.org/10.1080/01436597.2017.1401461

DOI: 10.1080/01436597.2017.1401461


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