. Poverty analysis has three tasks: (1) to define and describe poverty, (2) to understand its causes, and (3) to inform policy …. This chapter outlines history of economic thought on poverty since the mercantilists, concentrating on relevance to current … economic analysis and policy. It examines how poverty is defined and measured. Evidence from modern household surveys has …

"The "developing world's middle class" is defined here as those who are not poor when judged by the median poverty line …-fifths came from Asia, and half from China. Most of the new entrants remained fairly close to poverty, with incomes now bunched up …

"Prevailing measures of relative poverty put an implausibly high weight on relative deprivation, such that measured … poverty does not fall when all incomes grow at the same rate. This stems from the (implicit) assumption in past measures that … roles of certain private expenditures in poor settings and with data on national poverty lines. The authors propose a new …

We are not seeing faster progress against poverty amongst the poorest developing countries. Yet this is implied by … for 100 developing countries reveals an adverse effect on consumption growth of high initial poverty incidence at a given … initial mean. A high incidence of poverty also entails a lower subsequent rate of progress against poverty at any given growth …

Against what standards should we judge the developing world's overall performance against poverty going forward? The …. The first measure is absolute consumption poverty, as judged by what "poverty" means in the poorest countries. The second … is a new relative poverty measure, embracing social inclusion needs consistently with national poverty lines. The …