In this world of plenty, almost half of the world's six billion people live on two dollars a day or less and the number living on less than one dollar a day has increased over the past fifteen years (World Bank 2000). Between one third and one half suffer undernutrition due to insufficient...

This paper puts sub-Saharan Africa's economic development into perspective. While much did not go as hoped for at independence, much of the region has been on a more promising development trajectory since the mid-1990s, as we illustrate using growth, poverty, and human development indicators. We...

Brazil's recent growth has been intensely pro-poor, and both poverty and inequality have declined significantly in the last decade. It has been suggested that Brazil's unexpected successes are the outcome of a new model of development. The paper argues that Brazil's unique combination of...

According to the World Bank, in 2011, 415 million, that is 41.5 percent of the world's extremely poor, living on less than $1.25 a day, live in Saharan Africa. A situation where more than 415 million people in a sub region of the world still live in abject poverty should be of global concern not...

Poverty remains a serious global issue, and nearly half of the world's populations are still living below the poverty line. International trade has been a vehicle for successful economic development for some developing economies in East Asia, including South Korea, Taiwan, Hong Kong, Singapore,...

In order to understand whether a reduction in overall poverty has improved the situations of the poorest, it is crucial to distinguish them from the moderately poor population. In this paper, we explore the mechanisms to distinguish subsets of the poor in a multidimensional counting framework....

The view of poverty as a multidimensional phenomenon has swiftly become mainstream. However, the debate remains open as to how such ‘multidimensional poverty' should be assessed in practical settings, particularly when identifying the beneficiaries of poverty alleviation programmes. This paper...

This paper studies the association between financial development, financial stability, and poverty for a sample of 109 developed and developing countries from 1995 to 2018. Most of the existing studies in this literature have focused on financial development, and only a few recent studies have...