Syndicate content

PPP

Cities and PPPs: I’ve got Ulaanbaatar on my mind

David Lawrence's picture
Photo courtesy of christahasenkopf.com

I recently read a quote by Edward Glaeser, an urban economist, in the latest issue of IFC’s quarterly journal on Public-Private Partnerships (PPPs), which caught my attention:

Statistically, there is a near-perfect correlation between urbanization and prosperity among nations. As a country’s urban population rises by 10 percent, the country’s per capita output increases by 30 percent.

New global poverty estimates confirm China’s leading role in meeting MDGs

David Dollar's picture

The international community has endorsed the Millenium Development Goal of reducing the poverty rate in the developing world by 50% over the 25 years, 1990-2015.  While the target is arbitrary, it is nonetheless important to have a stretch goal like this to challenge us all to make the world a better place.  To measure progress, naturally we need pretty good estimates of global poverty.  The World Bank is the leading bean counter in this exercise.  It just today released new estimates of global poverty that have the potential to illuminate the progress, but also the potential to confuse a lot of people.  The research department of the World Bank has changed its global poverty line from $1 per day to $1.25 per day and has found about 468 million more poor people than it had previously estimated.  About 135 million of these newly found poor are in China.  How does one make sense of these new numbers?  Here are some pointers: