>Comment : not so fast Mr Ulhas. The use Of PPP figures by he WB has
>been severely questioned in an internationally acclaimed research
>paper ,by Indian economist Sanjay Reddy and by Thomas Pogge of
>Barnard College titled "How Not To Count The Poor" (2002),
>forcefully argue that the WB's PPP's estimates are "neither
>meaningful or reliable." The emphasis is on the WB's research team
>"employing a misleading and inaccurate measure of purchasing power
>equivalence that creates serious and irreparable difficulties for
>international comparisons of income poverty"
Still, World Bank-reported poverty rates of 35% (on the $1/day standard) or 81% (on the $2/day standard) are enormous in themselves.
Doug