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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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  • Sanjay Reddy, 2009. "WP 2009-11 The Emperor's New Suit: Global Poverty Estimates Reappraised," SCEPA working paper series. SCEPA's main areas of research are macroeconomic policy, inequality and poverty, and globalization. 2009-11, Schwartz Center for Economic Policy Analysis (SCEPA), The New School.
  • Handle: RePEc:epa:cepawp:2009-11
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    File URL: http://www.economicpolicyresearch.org/scepa/publications/workingpapers/2009/SCEPA_Working_Paper_2009-11.pdf
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    1. John Humphrey & Hubert Schmitz, 2002. "How does insertion in global value chains affect upgrading in industrial clusters?," Regional Studies, Taylor & Francis Journals, vol. 36(9), pages 1017-1027.
    2. Gereffi, Gary, 1999. "International trade and industrial upgrading in the apparel commodity chain," Journal of International Economics, Elsevier, vol. 48(1), pages 37-70, June.
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    Cited by:

    1. Khan Shahrukh Rafi, 2011. "Growth Diagnostics: The Puzzle of Pakistan's Lagging Economic Growth," Global Economy Journal, De Gruyter, vol. 11(4), pages 1-19, December.
    2. Abu-Ismail Khalid & Sarang Niranjan, 2015. "Rethinking the Measurement of the Middle Class: Evidence from Egypt," WIDER Working Paper Series 023, World Institute for Development Economic Research (UNU-WIDER).

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    global poverty;

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