Poverty & Inequality 
 GLOA 610 
1 / 39

2 / 39

poverty  development3 / 39

poverty  developmentinequality  development4 / 39

poverty  developmentinequality  developmentinequality :: poverty?5 / 39

   Things to think & talk about: 

1) Has globalization reduced poverty/inequality?6 / 39

   Things to think & talk about: 


1) Has globalization reduced poverty/inequality?2) What's the problem?poverty/inequality increasing or decreasing not fast enough? 
7 / 39

   Things to think & talk about: 


1) Has globalization reduced poverty/inequality?2) What's the problem?poverty/inequality increasing or decreasing not fast enough? 
3) What are the solutions (if any)?8 / 39

Global Poverty, inflation adjusted

9 / 39

Global Poverty, by infant mortality

10 / 39

Global Inequality, composite Gini Index

Data: SWIID, Solt 2020

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   Inequality in Some Countries 

12 / 39

Inequality in Some Countries

13 / 39

Kuznet's Curve?

"The relationship between inequality and development is bell-shaped."

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Kuznet's Curve?

"The relationship between inequality and development is bell-shaped."

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Kuznet's Curve?

"The relationship between inequality and development is bell-shaped."

16 / 39

If inequality & poverty , 
 why so much talk of 
 inequality now?17 / 39

If inequality & poverty , 
 why so much talk of 
 inequality now?Elephant 🐘 Story18 / 39

If inequality & poverty , 
 why so much talk of 
 inequality now?Elephant 🐘 Storysource: Milanovic (2020) 
(also, Briggs(2018))19 / 39

So, 
 what's the relationship?- Econ Globalization- Poverty- Inequality20 / 39

So, 
 what's the relationship?- Econ Globalization- Poverty- InequalityRudra & Tirone (2017)21 / 39

Nothing seems to work (well).22 / 39

Nothing seems to work (well).FDI and foreign aid: ineffective.23 / 39

Nothing seems to work (well).FDI and foreign aid: ineffective.Finance/Trade/Investment: 
 hard to come by.24 / 39

Nothing seems to work (well).FDI and foreign aid: ineffective.Finance/Trade/Investment: 
 hard to come by.So there's no way to address 
 poverty/inequality problem?25 / 39

New Hope: 
 microfinancing 
 cash-transfer 
 microcredit26 / 39

It should work, right?27 / 39

It should work, right? RIGHT?28 / 39

It should work, right? RIGHT?Attanasio et al. (2015); Banerjee et al. (2015a); Banerjee et al. (2015b)29 / 39

A closer look: 
 Banerjee et al. 2015b 
 ('Big Push')30 / 39

A closer look: 
 Banerjee et al. 2015b 
 ('Big Push')Consumption and asset gains 
 of the very poor31 / 39

A closer look: 
 Banerjee et al. 2015b 
 ('Big Push')Consumption and asset gains 
 of the very poor- six-country RCT32 / 39

A closer look: 
 Banerjee et al. 2015b 
 ('Big Push')Consumption and asset gains 
 of the very poor- six-country RCT- multi-dimensional support33 / 39

But what about some other positive effects?34 / 39

But what about some other positive effects?
(Premand et al. 2023)

35 / 39

But what about some other positive effects?
(Premand et al. 2023)

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37 / 39

Sensationalism (e.g., just blaming some transnational evil entities on global poverty) is easy.38 / 39

Sensationalism (e.g., just blaming some transnational evil entities on global poverty) is easy.Thinking about actual solutions is much harder.39 / 39

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Poverty & Inequality GLOA 610

poverty development

poverty development

inequality development

poverty development

inequality development

inequality :: poverty?

Things to think & talk about:

1) Has globalization reduced poverty/inequality?

Things to think & talk about:

1) Has globalization reduced poverty/inequality?

2) What's the problem?

Things to think & talk about:

1) Has globalization reduced poverty/inequality?

2) What's the problem?

3) What are the solutions (if any)?

Global Poverty, inflation adjusted

Global Poverty, by infant mortality

Global Inequality, composite Gini Index

Inequality in Some Countries

Inequality in Some Countries

Kuznet's Curve?

Kuznet's Curve?

Kuznet's Curve?

If inequality & poverty , why so much talk of inequality now?

If inequality & poverty , why so much talk of inequality now?

Elephant 🐘 Story

If inequality & poverty , why so much talk of inequality now?

Elephant 🐘 Story

source: Milanovic (2020) (also, Briggs(2018))

So, what's the relationship?

- Econ Globalization

- Poverty

- Inequality

So, what's the relationship?

- Econ Globalization

- Poverty

- Inequality

Rudra & Tirone (2017)

Nothing seems to work (well).

Nothing seems to work (well).

FDI and foreign aid: ineffective.

Nothing seems to work (well).

FDI and foreign aid: ineffective.

Finance/Trade/Investment: hard to come by.

Nothing seems to work (well).

FDI and foreign aid: ineffective.

Finance/Trade/Investment: hard to come by.

So there's no way to address poverty/inequality problem?

New Hope: microfinancing cash-transfer microcredit

It should work, right?

It should work, right? RIGHT?

It should work, right? RIGHT?

Attanasio et al. (2015); Banerjee et al. (2015a); Banerjee et al. (2015b)

A closer look: Banerjee et al. 2015b ('Big Push')

A closer look: Banerjee et al. 2015b ('Big Push')

Consumption and asset gains of the very poor

A closer look: Banerjee et al. 2015b ('Big Push')

Consumption and asset gains of the very poor

- six-country RCT

A closer look: Banerjee et al. 2015b ('Big Push')

Consumption and asset gains of the very poor

- six-country RCT

- multi-dimensional support

But what about some other positive effects?

But what about some other positive effects? (Premand et al. 2023)

But what about some other positive effects? (Premand et al. 2023)

Sensationalism (e.g., just blaming some transnational evil entities on global poverty) is easy.

Sensationalism (e.g., just blaming some transnational evil entities on global poverty) is easy.

Thinking about actual solutions is much harder.

Help

Poverty & Inequality
GLOA 610

If inequality & poverty ,
why so much talk of
inequality now?

If inequality & poverty ,
why so much talk of
inequality now?

If inequality & poverty ,
why so much talk of
inequality now?

source: Milanovic (2020)
(also, Briggs(2018))

So,
what's the relationship?

So,
what's the relationship?

Finance/Trade/Investment:
hard to come by.

Finance/Trade/Investment:
hard to come by.

So there's no way to address
poverty/inequality problem?

New Hope:
microfinancing
cash-transfer
microcredit

A closer look:
Banerjee et al. 2015b
('Big Push')

A closer look:
Banerjee et al. 2015b
('Big Push')

Consumption and asset gains
of the very poor

A closer look:
Banerjee et al. 2015b
('Big Push')

Consumption and asset gains
of the very poor

A closer look:
Banerjee et al. 2015b
('Big Push')

Consumption and asset gains
of the very poor

But what about some other positive effects?
(Premand et al. 2023)

But what about some other positive effects?
(Premand et al. 2023)