Poverty, inequality, and growth
Trends, policies, and controversies
Reducing poverty and inequality and promoting inclusive growth are fundamental to achieving the UN Sustainable Development Goals (SDGs), approved by the UN General Assembly in September 2015. The first target of SDG1 is to eradicate extreme poverty, while SDG10 focuses on reducing inequality within and among countries.
Much has changed in the global economy in recent decades, including expansion of trade and global investment, increased migration, geopolitical instability, war and conflict, and environmental degradation. Consequently, perspectives on socioeconomic progress made vary widely. This is even more so in light of the ongoing Covid-19 pandemic whose effects remain a matter of active research. However, coming to grips in a meaningful manner with existing trends is critical to evidence-based policy-making.
This contribution aims to provide an original review and evaluation of the main stylized facts concerning poverty, inequality, and growth. It will uncover existing trends, put controversies in perspective, and help provide a platform for informed policy debate.