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Jakarta Post

How far can poverty alleviation go?

  • Wahyu Wisnu Wardana

    Managing director of Research Institute of Socio-Economic Development, Surabaya

Surabaya   /   Wed, November 13 2019   /  01:20 am

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 the number of poor in sub...