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More Relatively-Poor People in a Less Absolutely-Poor World

Department of Economics public lecture

Date: Thursday 22 November 2012 
Time: 5-6pm 
Venue: Old Theatre, Old Building
Speaker: Martin Ravallion
Chair: Professor Craig Calhoun

Relative deprivation, shame and social exclusion matter to the welfare of people everywhere, but this fact is ignored by standard measures of economic performance, including poverty. The lecture will argue that such social effects on welfare call for a reconsideration of how we assess global poverty, but they do not support widely used measures of relative poverty. It is argued instead that a new class of measures is called for, and new estimates of global poverty are presented. The lecture will discuss the implications for thinking about development policy, including setting global development goals.

Martin Ravallion is Director of the World Bank’s Research Department and (from 2013) holds the Edmond D. Villani Chair of Economics at Georgetown University. He served as acting Chief Economist and Senior Vice President, Development Economics at the World Bank succeeding Justin Yifu Lin, and holding the post until Kaushik Basu took up the post. His main research interests over the last 25 years have concerned poverty and policies for fighting it. He has advised numerous governments and international agencies on this topic, and he has written extensively on this and other subjects in economics, including three books and 200 papers in scholarly journals and edited volumes. In 2012 he was awarded the John Kenneth Galbraith Prize. Prior to joining the Bank, Martin was on the faculty of the Australian National University (ANU). He holds a Ph.D. in economics from the London School of Economics and Political Science (LSE), and has taught economics at LSE, Oxford University, the Australian National University, Princeton University and the Paris School of Economics.

Suggested hashtag for this event for Twitter users: #LSEpoverty

This event is free and open to all with no ticket required. Entry is on a first come, first served basis. For any queries email events@lse.ac.uk or call 020 7955 6043.


A copy of Martin Ravallion's powerpoint presentation is available to download. Download 'More Relatively-Poor People in a Less Absolutely-Poor World' (pdf).

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This event has been certified for CPD purposes by the CPD Certification Service. Self-Assessment Record forms will be made available for delegates wishing to record further learning and knowledge enhancement for Continuing Personal and Professional Development (CPD) purposes. For delegates who wish to obtain a CPD Certificate of Attendance, it is the responsibility of delegates to register their details with a LSE steward at the end of the event and as of 1 September 2014 a certificate will be sent within 28 days of the date of the event attended by the CPD Certification Service.  If a delegate fails to register their details at the event, it will not prove possible to issue a certificate. (For queries relating to CPD Certificates of attendance after a request please phone 0208 840 4383 or email info@cpduk.co.uk).