Brookings Institution’s “Future Development”: Rethinking global poverty reduction in 2019
Homi Kharas, interim vice president and director of global economy and development at the Brookings Institution; Kristofer Hamel, chief operating officer at World Data Lab; and Martin Hofer, research analyst at World Data Lab, discuss global poverty trends, noting that while “2019 will start with the lowest prevalence of extreme poverty ever recorded in human history … poverty reduction rates are expected to keep slowing down considerably over the next decade … making it nearly impossible to end poverty by 2030.” The authors highlight salient trends including India’s progress and Africa’s stagnation in reducing extreme poverty, writing, “It seems clear that Africa remains the last frontier of the world’s effort to end extreme poverty by 2030” (12/13).