There's been much talk in recent months about the revision of the International Comparison Program and the PPP (Purchasing Power Parity) figures derived from it.
A few weeks ago I wrote that “many perceive NT2 to be a World Bank hydropower project. From my perspective, that’s inaccurate in every respect. More on that in a future posting.” Following intense pressure from my reading public (thanks, Nanda), it’s time to explain what I meant.
I see there has been some blog chatter about the World Bank's position on Thailand's rice exports. Let me take the chance here to set the record straight: Thailand is a great international trading partner, it's commited to maintaining its rice exports, and we support this action. This is very important at this time of food price hikes and it's the responsible thing to do.
Web reporters were busy last week with news of soaring prices for grains and other agricultural commodities. Economist.com posted an early entry with Food for Thought on March 27. NYT.com ran
|Only pedestrians and bikes are allowed on Pingyao's main street.|
A few years ago, the research department at the World Bank did an analysis of what kind of information people were searching for on its website. It found that the single most searched-for word was "China," more than "poverty" or any other country or concept.