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<DIV>Ulhas writes :"Per capita income in India now is $3000 on PPP basis, not
$300. Fairy tales about $1 per day should be buried."</DIV>
<DIV>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"</DIV>
<DIV>A very similar analysis can be also found in Branko Milanovic's tour de
force "Worlds Apart: Measuring International and Global Inequality"
(Princeton),which was written while Branko was a WB staff officer in charge of
gathering and analyzing data.</DIV>
<DIV>So unless Ulhas can present quantitative and methodological refutation to
these serious studies, the fairy tales charge should be on him.and the
other apologists of neo-lib globalization.</DIV>
<DIV>Cristobal Senior</DIV></FONT></BODY></HTML>