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The World Bank's New Poverty Estimates: >i>Digging Deeper into a Hole>/i>

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  • Sanjay Reddy

Abstract

The World Bank recently revised its poverty threshold upward by 25 percent. The new definition of being poor is now anyone who lives on the equivalent of what $1.25 a day buys in the United States, up from a mere dollar. But that adds some 400 million people to the poverty rolls in the world. Does the World Bank have it right now? In a word, no, says this author.

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File URL: http://mesharpe.metapress.com/link.asp?target=contribution&id=B45595815605M15G
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Bibliographic Info

Article provided by M.E. Sharpe, Inc. in its journal Challenge.

Volume (Year): 51 (2008)
Issue (Month): 6 (November)
Pages: 105-112

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Handle: RePEc:mes:challe:v:51:y:2008:i:6:p:105-112

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Web page: http://mesharpe.metapress.com/link.asp?target=journal&id=106043

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Cited by:
  1. Rammelt, Crelis F. & Boes, Jan, 2013. "Galtung meets Daly: A framework for addressing inequity in ecological economics," Ecological Economics, Elsevier, vol. 93(C), pages 269-277.
  2. Jayati Ghosh, 2010. "Poverty reduction in China and India: Policy implications of recent trends?," Working Papers 92, United Nations, Department of Economics and Social Affairs.

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