Jomo Kwame Sundaram is Assistant Director General at the Economic and Social Development Department of the United Nations Food and Agriculture Organization in Rome.
PPP conversions have little significance for some countries, most notably China. Rather than permit price surveys in a random sample of locations (required for accuracy), China restricted data collection to a few urban areas. The resulting data showed Chinese prices to be 40% higher than previously thought; Chinese living standards were then revised downward by roughly the same proportion.Read more at http://www.project-syndicate.org/commentary/the-weakness-of-global-poverty-estimates-by-jomo-kwame-sundaram#JLwuR0S2MQ1Mxles.99
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