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Global poverty and inequality: are the revised estimates open to an alternative interpretation?

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  • Peter Edward
  • Andy Sumner

Abstract

The level of, and trends in, global inequality and global poverty are indicative assessments of who has benefited from economic growth. The revision of price data has led to a reassessment of those estimates. Through an extensive overview of the implications, we argue that the data can be read in different ways. Official estimates show global extreme poverty and global inequality are considerably lower than previously thought. We argue that these changes are much less significant than they at first appear, and we present a more nuanced alternative interpretation by exploring changes across the entire global distribution.

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  • Peter Edward & Andy Sumner, 2018. "Global poverty and inequality: are the revised estimates open to an alternative interpretation?," Third World Quarterly, Taylor & Francis Journals, vol. 39(3), pages 487-509, March.
    • Handle: RePEc:taf:ctwqxx:v:39:y:2018:i:3:p:487-509
    DOI: 10.1080/01436597.2017.1401461
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    Cited by:

    1. Rory Horner & David Hulme, 2019. "Global Development, Converging Divergence and Development Studies: A Rejoinder," Development and Change, International Institute of Social Studies, vol. 50(2), pages 495-510, March.
    2. Andy Sumner, 2019. "Global Poverty and Inequality: Change and Continuity in Late Development," Development and Change, International Institute of Social Studies, vol. 50(2), pages 410-425, March.

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