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WP 2009-11 The Emperor's New Suit: Global Poverty Estimates Reappraised

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Abstract

The recent revision of the World Bank’s global poverty estimates based on a new $1.25 (2005 PPP) poverty line underlines their unreliability and lack of meaningfulness. It is very difficult to justify various aspects of the Bank’s approach. In the short term, less weight should be given to the Bank’s poverty estimates in monitoring the first MDG. In the longer term, a solution to the observed problems requires adopting an altogether different method. Such an alternative exists but requires global institutional coordination. Until it is implemented, the crisis in the monitoring of global consumption poverty can be expected to intensify.

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File URL: http://www.economicpolicyresearch.org/scepa/publications/workingpapers/2009/SCEPAWorkingPaper2009-11.pdf
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Paper provided by Schwartz Center for Economic Policy Analysis (SCEPA), The New School in its series SCEPA working paper series. SCEPA's main areas of research are macroeconomic policy, inequality and poverty, and globalization. with number 2009-11.

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Length: 66 pages
Date of creation: Jun 2009
Date of revision:
Handle: RePEc:epa:cepawp:2009-11

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Keywords: global poverty;

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