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Once More Unto The Breach...
The World Bank’s Latest ‘Assault’ on Global Poverty
This article is a (less than comprehensive) critique of the World Bank's latest estimates of global poverty and projections thereof. It argues that the Bank's approach to poverty measurement is conceptually flawed, and that the results, in terms of the poverty numbers which it presents, are largely misleading.
The author, who retains sole responsibility for errors, if any, would like to thank D Jayaraj, Rahul Lahoti, Ranjan Ray and especially, Sanjay G Reddy for many very useful discussions on the subject of this essay, as well as for comments on an earlier version of the article.
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