A recent "Update" from the World Bank has caused widespread media celebrations of "drastic" progress against poverty in the 2005-10 period. But no such progress is visible in the data on undernutrition provided by the FAO. This paper discusses the discrepancy and, more broadly, better ways of...

The World Bank's approach to estimating the extent, distribution and trend of global income poverty is neither meaningful nor reliable. The Bank uses an arbitrary international poverty line that is not adequately anchored in any specification of the real requirements of human beings. Moreover,...