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Pathways Out ofthe Polycrisis https://reproducibility.worldbank.org A reproducibility package is available for thisbook in the Reproducible Research Repository athttps://reproducibility.worldbank.org/index.php/catalog/189 Pathways Out ofthe Polycrisis © 2024 International Bank for Reconstruction and Development / The World Bank1818 H Street NW, Washington, DC 20433Telephone: 202-473-1000; Internet:www.worldbank.org Some rights reserved 1 2 3 4 27 26 25 24 This work is a product of the staff of The World Bank with external contributions. The findings,interpretations, and conclusions expressed in this work do not necessarily reflect the views of The WorldBank, its Board of Executive Directors, or the governments they represent. The World Bank does notguarantee the accuracy, completeness, or currency of the data included in this work and does not assumeresponsibility for any errors, omissions, or discrepancies in the information, or liability with respect to theuse of or failure to use the information, methods, processes, or conclusions set forth. The boundaries,colors, denominations, links/footnotes, and other information shown in this work do not imply anyjudgment on the part of The World Bank concerning the legal status of any territory or the endorsement oracceptance of such boundaries. The citation of works authored by others does not mean The World Bankendorses the views expressed by those authors or the content of their works.Nothing herein shall constitute or be construed or considered to be a limitation upon or waiver of the privileges and immunities of The World Bank, all of which are specifically reserved. Rights and Permissions This work is available under the Creative Commons Attribution 3.0 IGO license (CC BY 3.0 IGO)http://creativecommons.org/licenses/by/3.0/igo. Under the Creative Commons Attribution license, you are free tocopy, distribute, transmit, and adapt this work, including for commercial purposes, under the followingconditions: Attribution—Please cite the work as follows: World Bank. 2024.Poverty, Prosperity, and PlanetReport 2024: Pathways Out of the Polycrisis. Washington, DC: World Bank. doi:10.1596/978-1-4648-2123-3.License: Creative Commons Attribution CC BY 3.0 IGO Translations—If you create a translation of this work, please add the following disclaimer along with theattribution: This translation was not created by The World Bank and should not be considered an officialWorld Bank translation. The World Bank shall not be liable for any content or error in this translation. Adaptations—If you create an adaptation of this work, please add the following disclaimer along with theattribution: This is an adaptation of an original work by The World Bank. Views and opinions expressed inthe adaptation are the sole responsibility of the author or authors of the adaptation and are not endorsed byThe World Bank. Third-party content—The World Bank does not necessarily own each component of the content containedwithin the work. The World Bank therefore does not warrant that the use of any third-party-ownedindividual component or part contained in the work will not infringe on the rights of those third parties.The risk of claims resulting from such infringement rests solely with you. If you wish to reuse a componentof the work, it is your responsibility to determine whether permission is needed for that reuse and to obtainpermission from the copyright owner. Examples of components can include, but are not limited to, tables,figures, or images. All queries on rights and licenses should be addressed to World Bank Publications, The World Bank,1818 H Street NW, Washington, DC 20433, USA; e-mail:pubrights@worldbank.org. ISBN (paper): 978-1-4648-2123-3ISBN (electronic): 978-1-4648-2126-4DOI: 10.1596/978-1-4648-2123-3 Cover image:Carlos ReyesCover design:Bill Pragluski, Critical Stages, LLC Library of Congress Control Number: 2024947151 Contents ForewordxiiiAcknowledgmentsxviiAbout the TeamxixMain MessagesxxiiiAbbreviationsxxxi Overview Progress: Global poverty reduction and improvements in shared prosperity have stalled1Pathways: Eradicating poverty and boosting shared prosperity on a livableplanet requires managing trade-offs19Priorities: Doing what matters, where it matters most30Notes40References41 1Global Poverty Update andOutlook49 Summary49Ending poverty remains a major global challenge50Reigniting economic growth and making it more inclusive are key toeradicating poverty67Profile of the global poor: People living in poverty typically live in ruralareas and are younger and less educated74Multidimensional poverty broadens the understanding of poverty to guide actions82Annex 1A. Methodology86Annex 1B. Survey-based estimates of the COVID-19 impact confirmprevious nowcasts88Annex 1C. New data for India and international price levels haverecently become available90Annex 1D. Regional and global poverty estimates, 1990–202494Notes98References100 2Shared Prosperity105 Summary1