Ending Extreme Poverty and Sharing Prosperity: Progress and Policies Marcio Cruz, James Foster, Bryce Quillin and Philip Schellekens1 Approved for distribution by Kaushik Basu Chief Economist and Senior Vice President, World Bank Policy Research Notes (PRNs) are prepared under the direction of the World Bank Chief Economist and Senior Vice President for Development Economics. PRNs combine and distill existing and new research to inform discussion on topical policy issues. They are aimed at a broad audience interested in economic policy. DISCLAIMER: Policy Research Notes represent the views of the authors and do not necessarily represent WBG views or policy. The views expressed herein should be attributed to the authors and not to the WBG, its Board of Executive Directors, or its management. This note reflects data available as of mid-September 2015. Authors’ Email Addresses:
[email protected] [email protected] [email protected] [email protected] 1 The main authors of this note are: Marcio Cruz (Economist, Development Prospects Group), James Foster (Professor of Economics and International Affairs, George Washington University; Research Associate, Oxford Poverty and Human Development Initiative, Oxford University; World Bank consultant), Bryce Quillin (Senior Economist, Development Prospects Group), and Philip Schellekens (Lead Economist, Development Prospects Group). This note is based on Chapter 1 of the Global Monitoring Report 2015/2016: Development in an Era of Demographic Change and is produced under the guidance of Kaushik Basu, Indermit Gill and Ayhan Kose, with inputs from Carter J. Brandon, Vandana Chandra, Emanuela Galasso, Dean M. Jolliffe, Jin Ho Kim, Eugenia Moran-Suarez, Rinku Murgai, Israel Osorio-Rodarte, Espen B.