Income growth

Income growth is not the sole aim of economic development. An equally important, albeit harder to quantify objective is a sense of progress for the entire community, and a confidence that prosperity is sustainable and shared equitably across society for the long term. Inclusive and sustainable development looks beyond GDP growth and can strengthen nations for generations to come. However rising income inequality has impeded social mobility, increased social tensions, and undermined effective governance in many countries in recent decades. In the World Bank Group, we are firmly committed to our twin goals of helping reduce the number of people living in extreme poverty, and to promoting shared prosperity, particularly among the bottom 40 percent of the population. Investments in infrastructure are essential for meeting both goals. Whether it be by connecting farmers to markets or by providing families with electricity and clean water... — blog.wb.org/blogs