(Click on tables for larger versions. Top table from Commission of social Determinants of Health. Who)
The Two world bank economists Shaohua Chen and Martin Ravallion have written a report in which they make an upward revision of the number of very poor people in the world.
The number had dropped below 1 billion, living on 1 $ or less a day, in an announcement by the Bank in april 2007. This number now is revised up to about 1.4 billion - living on less than 1.25$ a day. The new money figure for a poor person has been changed due to new purchasing power parity (PPP) calculations. These numbers do not take the rapid rises in food prices in 2007-08 into account. When these are considered poverty problems in the 3rd world are more depressing.
The number had dropped below 1 billion, living on 1 $ or less a day, in an announcement by the Bank in april 2007. This number now is revised up to about 1.4 billion - living on less than 1.25$ a day. The new money figure for a poor person has been changed due to new purchasing power parity (PPP) calculations. These numbers do not take the rapid rises in food prices in 2007-08 into account. When these are considered poverty problems in the 3rd world are more depressing.
Are Income differentials in the world widening? The top table taken from a WHO-report seems to more than suggest it. On the other hand, these numbers are in nominal dollars, not adjusted for prices (PPP). The PPP-calculations, however, are questionable. They are part of an elaborate statistical discourse whose aim seems to be that income differences should not be so big. The nominal $ PPP's are hard facts.
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