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Jakarta Post

How far can poverty alleviation go?

  • Wahyu Wisnu Wardana
    Wahyu Wisnu Wardana

    Managing director of Research Institute of Socio-Economic Development (RISED)

PREMIUM
Surabaya   /   Wed, November 13, 2019   /  12:14 pm
How far can poverty alleviation go? Urban poor – A resident carries out her daily activities in a slum area in Kapuk Teko, Jakarta, on Sept. 27. Poverty alleviation is one of prime issues highlighted in the Sustainable Development Goals (SDGs), a global development agenda adopted by world leaders last year. (Antara/Rivan Awal Lingga)

Three economists — Esther Duflo, Abhijit Banerjee and Michael Kremer — were awarded the Nobel prize for their experimental approach to poverty alleviation and their promotion of evidence-based policy to combat poverty worldwide. These progressive movements in research and policy advocacy, along with sustained and stable economic growth in recent decades, have contributed to a global decline in poverty. In 1990, there were 1.9 billion people — 36 percent of the world population — living under the international poverty line of US$1.90 a day. This figure has decreased over time, leaving 650 million people, or roughly 8.6 percent of the world population, in poverty in 2018, according to the World Bank. However, this progress has been distributed unevenly. The highest concentrations of poverty have shifted from Asia to sub-Saharan Africa. The World Bank stated th...

Disclaimer: The opinions expressed in this article are those of the author and do not reflect the official stance of The Jakarta Post.