Global poverty could be up to a third higher than reported
Friday, April 11, 2014 - 15:20
in Mathematics & Economics
With over one billion people in the world living on less than $1.25 per day, the World Bank aims to end 'extreme poverty' by 2030. But new research suggests that global poverty figures could be underestimated by up to a third, and calls for more robust measurement in the future. The World Bank figures are widely used by the international community and play a significant role in international strategies to reduce poverty.