This week saw the release of the World Bank’s updated global poverty counts. There is new country-level data on poverty and inequality underlying these revisions. But the big change is that the numbers are now anchored to the 2011 Purchasing Power Parity (PPP) rates for consumption from the International Comparisons Program (ICP). Previously the numbers were based on the prior ICP round for 2005.
Global Development: Views from the Center
Global Development: Views from the Center features posts from Nancy Birdsall and her colleagues at the Center for Global Development about innovative, practical policy responses to poverty and inequality in an ever-more globalized world.