The BBVA Foundation Frontiers of Knowledge Award in the Development Cooperation category goes, in this eighth edition, to Martin Ravallion, the world’s leading researcher on the measurement of poverty in less developed and developing countries. His ground-breaking research has allowed the definition of precisely calculated poverty lines that are comparable across countries. His work has also contributed to understanding the causes and solutions of poverty, including the relationship between economic growth and poverty alleviation.
His work has influenced the objectives and targeting strategies of many international organizations, NGOs and development agencies, including the Millennium Development Goals. It has also informed the debate on the fight against poverty and the evolution of poverty reduction around the world. His research on China and India, two of the basic contributors to the trend in worldwide poverty reduction in the last twenty-five years, has been particularly influential. He has advised numerous governments and international agencies on poverty and the most appropriate policies to fight it.