In November 2020, Zambia defaulted on its international debt, the first African country to do…
Has World Poverty Really Fallen During the 1990s? Sanjay G. Reddy and Camelia Minoiu
This paper critically evaluates the claim that world consumption poverty has fallen during the 1990s, given alternative assumptions about the extent of initial poverty and the rate of subsequent poverty reduction in China, India, and the rest of the developing world. The paper uses as indicators both the aggregate poverty headcount as well as the poverty headcount ratio, and considers two international poverty lines that are widely used.
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