New Estimates of the Cost of Ending Poverty
To end extreme poverty and absolutemonetary poverty worldwide by 2030, would cost about $70 and $325 billion per year,AndySumner and Arief Anshory Yusuf suggest in their
GlobalPolicy article. Their estimates of the monetary value of transfers neededto end poverty translates to an annual cost of about $100 per year per personliving in extreme monetary poverty, and slightly more than $180 per year perperson living in absolute monetary poverty. This is the current dollar cost toachieve the major poverty-related global goals and would enable 700 millionpeople to escape conditions of extreme poverty or almost two billion to escapeabsolute poverty (including those in extreme poverty). If extreme monetarypoverty were ended by 2030, a billion or so people would probably live justabove that line and still live in absolute poverty. But better tailoring ofdevelopment cooperation partnerships and typology can help. The globalcosts of ending extreme and absolute poverty are not prohibitive, even infiscally constrained times.
https://www.globalpolicyjournal.com
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