Poverty and shared prosperity 2016: Taking on inequality

Abstract

“Poverty and Shared Prosperity 2016” is the inaugural report in an annual series aimed at providing global stakeholders, including development practitioners, policymakers, researchers, advocates, and citizens, with the latest data and insights on trends in global poverty and shared prosperity. The report analyzes inequality trends, identifies successful country experiences in reducing inequality, and synthesizes evidence on public policies that can effectively address inequality while simultaneously promoting poverty reduction and shared prosperity. The report addresses key questions about global poverty, shared prosperity, and inequality, including the latest evidence on their levels and evolution, the relative success of different countries and regions, the impact of lower economic growth on achieving these goals, and the role of inequality reduction in achieving shared prosperity. The report presents updated data on poverty, shared prosperity, and inequality, emphasizes the importance of reducing inequality in ending poverty and achieving shared prosperity by 2030, highlights the diversity of within-country inequality reduction experiences, and advocates for enhanced data collection and rigorous evidence on inequality impacts to improve monitoring and evaluation of poverty and shared prosperity efforts.