UNITEDNATIONSCONFERENCEONTRADEANDDEVELOPMENTWorkingpaper#07GlobalmegatrendsandthequestforMay2024povertyeradicationUNCTAD/WP/2024/2AbstractPatrickN.OsakweGlobalmegatrendssuchasincomeinequality,climateTrade,Povertyandchange,demographicshifts,technologicalprogress,andurbanisationareshapingthefutureofsocieties.Yet,theirInequalitiesBranch,ALDC,quantitativeimpactsondevelopmentareneitherwellUNCTADunderstoodnorestablished.Thispaperexaminestheindividualandcombinedeffectsoftheseglobalforcesonpatrick.osakwe@unctad.orgpoverty,usingbothcross-sectionandpanelestimationtechniquesonaglobaldatasetcoveringtheperiodfrom1995OlgaSollederto2019.Regardingthedirecteffects,itfindsthatinequality,Trade,Povertyandurbanization,andtechnologyarethemegatrendswithaInequalitiesBranch,ALDC,robustimpactonpovertyinboththelongandmediumterms.DemographicshiftsandclimatechangehavesomeimpactUNCTADonpoverty,buttheresultsdependonthesamplesandspecificationsconsidered.Furthermore,thepaperfindsthatolga.solleder@unctad.orginadditiontotheirdirecteffects,technology,urbanization,anddemographicshiftsaffectpovertythroughtheirinteractionswithincomeinequality.Amongthecontrols,percapitaincome,education,andprivatecreditaresignificantdriversinthemediumterm,whilepercapitaincomeistheonlycontrolvariablethatmattersinthelongrun.KeywordsPoverty,megatrends,inequality,techno...
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