Targeted policies to eradicate poverty

Targeted policies to eradicate poverty

By Erik Solheim, Chair of the OECD Development Assistance Committee (DAC)

©WorldBank

Poverty has been halved in less than 25 years worldwide. The enormous progress over the past few decades is mainly due to rapid economic growth in the South. China’s economy grew by 10% for decades and 600 million people were consequently brought out of poverty.

Economic growth in poor nations is crucial. But it will not be possible to end extreme poverty by 2030 through economic growth alone, even if African countries grow at 10% for the next 15 years. Poverty eradication will require…
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Originally published on oecdinsights.org on 9 March 2015. 

Useful links:
The 2013 Development Cooperation Report – Ending Poverty
Philanthropy, digital payments and financial inclusion
A big year for development
Towards new gloval development goals

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