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Multilateral Development Cooperation in a Changing Global OrderHow Infrastructure Investment Can Advance the Development Agenda

Multilateral Development Cooperation in a Changing Global Order: How Infrastructure Investment... [Only two years remain to deliver on the Millennium Development Goals (MDGs). Progress on the goals has been mixed at best and varies significantly across goals and countries (Chapter 2, this volume). Currently, several MDGs are unlikely to be attained either globally or by a majority of countries, with lagging progress most apparent in low-income countries.1 Take the reduction of extreme poverty, for example. The number of extreme poor (those living on less than $1.252 a day) has fallen from about 1.8 billion in 1990 to 1.4 billion in 2005 — that is, from 42 percent of the population to 25 percent (Chen and Ravallion 2008). Though this global progress is considerable, it masks stark differences across countries as it is largely driven by successes in China. In many countries, extreme poverty has either fallen slowly or worsened.3] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

Multilateral Development Cooperation in a Changing Global OrderHow Infrastructure Investment Can Advance the Development Agenda

Part of the International Political Economy Series Book Series
Editors: Besada, Hany; Kindornay, Shannon
Lin, Justin Yifu
Multilateral Development Cooperation in a Changing Global Order — Nov 7, 2015
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Publisher
Palgrave Macmillan UK
Copyright
© Palgrave Macmillan, a division of Macmillan Publishers Limited 2013
ISBN
978-1-349-45219-4
Pages
19 –35
DOI
10.1057/9781137297761_2
Publisher site
See Chapter on Publisher Site

Abstract

[Only two years remain to deliver on the Millennium Development Goals (MDGs). Progress on the goals has been mixed at best and varies significantly across goals and countries (Chapter 2, this volume). Currently, several MDGs are unlikely to be attained either globally or by a majority of countries, with lagging progress most apparent in low-income countries.1 Take the reduction of extreme poverty, for example. The number of extreme poor (those living on less than $1.252 a day) has fallen from about 1.8 billion in 1990 to 1.4 billion in 2005 — that is, from 42 percent of the population to 25 percent (Chen and Ravallion 2008). Though this global progress is considerable, it masks stark differences across countries as it is largely driven by successes in China. In many countries, extreme poverty has either fallen slowly or worsened.3]

Published: Nov 7, 2015

Keywords: Gross Domestic Product; Advanced Economy; Extreme Poverty; Excess Capacity; Credit Spread

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