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I’m pleased to be on this list of “top economist” signatories of an open letter to UN Secretary-General Ban Ki-Moon endorsing the simple idea that economic growth should be the foundation stone on which the other Sustainable Development Goals, especially poverty reduction, are built.
In a recent SNL sketch Bill Haider is a white celebrity filming a commercial in a village using black people as props to plead for “39 cents a day” which he claims is “all these people need to survive.”
Last week saw the release of the new 2011 Purchasing Power Parity (PPP) rates for GDP produced by the International Comparison Program (ICP). The ICP is a major global statistical operation. The Global Office is housed in the World Bank but the ICP is implemented separately in each region by designated regional counterparts.
When middle class households opt out en masse of public schools — as in India and Brazil and the inner cities of USA— it’s bad news for the children of the poor majority. That’s now a familiar and important argument for radical new thinking about school systems. But it’s even worse for poor people when the middle class and rich give up on basic public security, protecting themselves instead with private guards, gated communities and bullet-proof cars.
What will it take to end extreme poverty by 2030? That is the goal President Obama included in his SOTU in 2013, President Kim recently announced as the World Bank's key objective, and that USAID Administrator Raj Shah will discuss Thursday in a much-anticipated speech at the Brookings Institution.
A $1 trillion financing partnership to support ending extreme poverty, stopping avoidable child deaths, and meeting other widely supported post-2015 development goals sounds far-fetched. But improbable action is what will be needed if we’re going to come close to making such historically unprecedented progress. Indeed, delivering on proposed zero goals is going to take a broad and deep global partnership that’s about far more than aid.