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After a decade of rapid growth in average incomes, many countries have reached middle-income status. At the same time, however, poverty has not fallen so dramatically; as a result, most of the world's poor now live in middle-income countries (MICs). In fact, up to a billion poor people — or a...
Persistent link: https://www.econbiz.de/10013117501
This paper makes new estimates of global poverty and inequality in 2012 using both ‘old', 2005 and ‘new', 2011 purchasing power parity (PPP) price data in order to assess systematically what difference PPP data makes to the estimates. The methodology for the 2011 PPP data is thought to be...
Persistent link: https://www.econbiz.de/10013020363
Amartya Sen's famous study of famines found that people died not because of a lack of food availability in a country but because some people lacked entitlements to that food. Is a similar situation now the case for global poverty, meaning that national resources are available but not being used...
Persistent link: https://www.econbiz.de/10012982409
This paper updates the distribution of global poverty data and makes projections up to 2020. The paper asks the following question: Do the world’s extreme poor live in poor countries? It is argued that many of the world’s extreme poor already live in countries where the total cost of ending...
Persistent link: https://www.econbiz.de/10014160339