What is it about?
The most critical points from the report of the World Bank's commission on global poverty are not accepted by the Bank, so is the majority of the report's recommendations. Above all the World Bank identifies that providing confidence intervals for its global poverty estimates is presently unfeasible.
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Why is it important?
The current official global poverty estimates as reported by the World Bank paint an overly beautified picture of the levels and the evolution of global poverty rates. Accounting for the underlying uncertainties will allow us to statistically test the reported (very high) reduction rates of the past 30 years.
Perspectives
It is not a mark of good character to bash a very well intended report. I believe that the World Bank representatives have done exactly that, at least once openly, in the way they welcomed the commission's report. I believe we should not be kind with that global institution for--in effect--not listening to what the most acknowledged experts on poverty have to say.
Michail Moatsos
Universiteit Utrecht
Read the Original
This page is a summary of: The Unbearable Errorlessness of Global Poverty Estimates, The Economists Voice, October 2018, De Gruyter,
DOI: 10.1515/ev-2018-0004.
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