With 189 member countries, staff from more 170 countries, and offices in over 130 locations, the World Bank Group is a unique global partnership: five institutions working social inequality in a global age pdf sustainable solutions that reduce poverty and build shared prosperity in developing countries. The World Bank Group works in every major area of development.
We provide a wide array of financial products and technical assistance, and we help countries share and apply innovative knowledge and solutions to the challenges they face. We face big challenges to help the world’s poorest people and ensure that everyone sees benefits from economic growth. Data and research help us understand these challenges and set priorities, share knowledge of what works, and measure progress. The recommendations on how to more comprehensively measure and monitor global poverty in the light of the Bank’s goals of ending extreme poverty by 2030 and boosting shared prosperity are now available. In 2013, the World Bank Group announced two goals that would guide its development work worldwide. Both the language and the spirit of the SDG objective reflect the growing acceptance of the idea that poverty is a multi-dimensional concept that reflects multiple deprivations in various aspects of well-being. In this context, the World Bank Group’s Chief Economist decided to convene a high-level commission, the objective of which was to advise the Bank on how to measure and monitor global poverty with the above background in mind.
The Commission’s final report provided advice to the Sr. Vice President and Chief Economist and Senior Management more broadly, in mid-October, 2016. Further, should we use the standard PPP indices or make corrections for the fact that the poor do not consume the same basket of goods as the average person in a society? Bank should track and use to guide policy. Should we be concerned about the depth of poverty below the line? The World Bank plays an important role in shaping the global debate on combatting poverty, and the indicators and data the Bank collates and makes available shape opinion and policies in client countries, and, internationally.
How we answer the above questions can therefore have a major influence on the global economy. Sir Anthony Atkinson, is Centennial Professor at the London School of Economics and Fellow of Nuffield College, Oxford. He was previously Warden of the College. He is Fellow of the British Academy, and has been President of the Royal Economic Society, of the Econometric Society, of the European Economic Association and of the International Economic Association. He is an Honorary Member of the American Economic Association.
Andrea Brandolini has been working at the Bank of Italy, the Italian central bank, since 1992. He is currently the Head of the Statistical Analysis Directorate in the DG Economics, Statistics and Research. François Bourguignon is emeritus professor of economics at the Paris School of Economics. He has been the director of the Paris School from 2007 to 2013. Before that he was the chief economist and senior vice-president of the World Bank in Washington.