The 2015 development agenda is leaning toward a goal of eradicating absolute poverty by 2030. The World Bank’s recently approved corporate strategy has the same goal. However, this target is absolutely meaningless for the Asia and Pacific region. How do we define the eradication of absolute poverty? According to the prevailing characterization, reducing the proportion of people living under $1.25 per capita to less than 3 percent qualifies as reaching the goal. I am not sure if we need to wait for 16 years to achieve this.
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