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The Economist explains: How did the global poverty rate halve in 20 years? | The Economist

As the world’s multiplicity of good and bad personal experiences are seen, quantified and popularized through viral networks and instant messaging, poverty will need to be put into perspective and understood.  Not only what it is but how different it is to many different people in extremely different places.  What ever you think about poverty, understanding the complexities in understanding it and putting it into appropriate perspective is a good place to start… The London Economist is trying to help us with this task…

“POVERTY is easy to spot but hard to define. America sets its poverty line at $11,490 of income per year for a one-person household, or just over $30 a day. Any income below that amount is judged inadequate for the provision of fundamental wants. Other rich countries set their poverty lines in relative terms, so an increase in the incomes of top earners results in more poverty if everything else is held constant. The threshold for dire poverty in developing countries is set much lower, at $1.25 a day of consumption (rather than income). This figure is arrived at by …”

via The Economist explains: How did the global poverty rate halve in 20 years? | The Economist.

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Filed under: Blogosphere, Children and Poverty, Culture Think, Feminization of Poverty, , ,

Global poverty: A fall to cheer | The Economist

THE past four years have seen the worst economic crisis since the 1930s and the biggest food-price increases since the 1970s. That must surely have swollen the ranks of the poor.

Wrong. The best estimates for global poverty come from the World Bank’s Development Research Group, which has just …

MORE via Global poverty: A fall to cheer | The Economist.

Filed under: access to education, Africa, Blogosphere, Children and Poverty, consumers, Culture Think, Demographic Change, News, WeSeeReason, World Events and Records, , ,

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In seemingly endless times of “trash talk” that led to an improbable and unpopular political victory, the newly minted president clamors: “Now arrives the hour of action.” Fleeting relief comes to the nation as the transition […]

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