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Tag: World Bank

 

Controversy over World Bank trade & poverty estimates

Three years ago the World Bank said that freeing international trade of all barriers and subsidies would lift 320 million people above the $2 a day poverty line by 2015. But new World Bank projections emphasizing $1 a day poverty and based on new data and methods put the number at just 32 million people. CGD/IIE Senior Fellow William R. Cline, author of Trade Policy and Global Poverty, has been examining the Bank's new calculations and argues that the first estimate was closer to the truth.