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Sustainable Development Goals E-InventorySustainable Development Goals E-Inventory

Crowdsourcing proposals for post-2015 to feed into the intergovernmental process on SDGs
 
Key:
Overarching proposal
Individual goal
  • Proposals
  • Comments
    End extreme poverty and promote shared prosperityEnd Extreme PovertyPromoting shared prosperity
Author/organisation/coalition:
World Bank
Website:
http://www.worldbank.org
Sector/Stakeholder Type:
Intergovernmental Organisation
Email:
rbisset@worldbank.org
Twitter:
@worldbank
Location of author:
INTERNATIONAL
Date of publication:
02/04/2013
Proposal : End extreme poverty and promote shared prosperity


Summary : The World Bank Group has set out ambitious but achievable goals in a proposal that they hope will anchor the institution going forward and will sharpen its resolve to support countries effectively to reach these goals. They aim to end extreme poverty at the global level within a generation and promote what may be called "shared properity": a sustainable increase in the well-being of the poorer segments of society. Reflecting the aspiration of many countries for rapid and sustianed increases in living standards for all their citizens, not just the already privileged.  Sumarising the two goals and their respective indicators as;
  • End extreme poverty: the percentage of people living with less than $1.25 aday to fall to no more than 3 percent globally by 2030;
  • Promote shared prosperity: foster income growth of the bottom 40 percent of the population in every country


WB-goals2013.pdf  
Thematic Area(s):
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Goal : End Extreme Poverty

Targets and Indicators: A target date for reaching an extreme poverty rate of no more than 3 percent in 2030, using the internationally established measure of the proportion of people living on less than $1.25 a day. The $1.25 standard is well-accepted in the development community as one of the Millennium Development Goals, and it would allow the World Bank Group to focus its central mission in measurable, intuitive,
and transparent terms.


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Goal : Promoting shared prosperity

Targets and Indicators: Progress in shared prosperity is monitored using the income growth of the bottom 40 percent of a nation’s population. Sustainable growth that achieves the maximum possible increase in living standards of the less well-off. This implies a direct focus on the income of the less well-off, as opposed to the common practice of focusing only on growth of GDP per capita and implicitly relying on the “trickle down” impact of growth on the bottom of the distribution.The indicator for shared prosperity is also consistent with the idea of prosperity being “unbounded,” as opposed to being defined by an absolute standard that everyone should reach, which means that a global target is not relevant. Many factors including including the initial income distribution and level of development, as well as the overall growth rate are looked at. A healthy and stable social contract is needed. The social contract for promoting equity and growth should aim to create an “opportunity society,” where the human and productive potential of every individual, regardless of gender, region, ethnicity, or parental background, is maximized.


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