Ending Extreme Poverty and Promoting Shared Prosperity: Could There Be Trade-offs Between These Two Goals?
Ending extreme poverty has been the World Bank Group's primary focus for the past few decades, but the introduction of the new goal to promote shared prosperity, in April 2013, added another priority, with important implications for global development efforts. This new goal solidifies a longer-standing, implicit focus on growth, which is widely considered necessary for poverty reduction--but is it a secondary tool to reduce extreme poverty, or are the two goals prioritized equally?
The authors tackle this question and open a conversation on what trade-offs may exist between the two goals, and how best to manage them. Read full article here.