World Bank poverty line calculations are bankrupt (Sanjay Reddy)
UN Secretary-General Ban Ki-moon recently said: “The number of people living in extreme poverty has been reduced by half” (see UN goal of halving extreme poverty has been achieved, or has it? (UN, WB)). Here, Economist Sanjay Reddy explains his doubts about underlying World Bank calculations. See also What is happening to poverty? (Rammelt and Surace) or How to underestimate absolute poverty (Thomas Pogge).
See also: Reddy S (2008) The World Bank’s New Poverty Estimates: Digging Deeper into a Hole Challenge 51(6):105-1.