Tag Archives: purchasing power parity

Absolute poverty in China: Higher, but going down faster than previously estimated

From the Economist: In December 2007 the World Bank unveiled the results of the biggest exercise in window shopping in history. Scouts in 146 countries scoured stalls, supermarkets and mail-order catalogues, recording the price of more than 1,000 items, from … Continue reading

Posted in General | Tagged , , , , | Leave a comment