Tag: Poverty

 

National Vices, Global Virtue: Is the World Becoming More Equal?

You may find the answer surprising, but the most recent data show that the world as a whole is becoming more equal, driven by fast growth rates of China and India and slower growth rates in rich countries. A decrease in the US mean income from 2008 to 2011, for instance, makes global convergence of people’s incomes a lot easier to achieve. 

India’s Puzzling New PPP

Last week saw the release of the new 2011 Purchasing Power Parity (PPP) rates for GDP produced by the International Comparison Program (ICP). The ICP is a major global statistical operation. The Global Office is housed in the World Bank but the ICP is implemented separately in each region by designated regional counterparts.

Where Is Life Better…?

Last week, we sat down with Lawrence to record a Wonkcast on our new working paper The Median is the Message: A Good-Enough Measure of Material Well-Being and Shared Development Progress. In the paper, we argue that survey-based median household consumption expenditure (or income) per capita should be incorporated into standard development indicators, as a simple, robust, and durable indicator of typical individual material well-being in a country.

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