The World Bank's New Poverty Estimates: >i>Digging Deeper into a Hole>/i>
AbstractThe 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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Bibliographic InfoArticle provided by M.E. Sharpe, Inc. in its journal Challenge.
Volume (Year): 51 (2008)
Issue (Month): 6 (November)
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Web page: http://mesharpe.metapress.com/link.asp?target=journal&id=106043
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- 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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