Extreme Poverty in the Modern World: Measurement and Global Trends
March 5, 2018 The elimination of extreme poverty has been recognized as a global goal. Extreme Poverty was defined in the 1990s by the World Bank in terms of its famous ‘$-a-day’ poverty line. The line has been controversial, in part because it is not clear how anyone could live on one dollar per day. This talk examines a more transparent approach. This new approach is based on people’s needs for food, shelter, and clothing, and it indicates there is more extreme poverty in the world than the $-a-day line shows. This talk also focuses on trends in poverty and inequality. Speakers Robert Allen, Global Distinguished Professor of Economic History, Social Science, NYUAD Francois Bourguignon, Former Chief Economist of the World Bank; Dan David Prize Laureate; NYUAD Global Professor of Economics