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Article Excerpt
Until a short while ago, the mainstream media were regaling us daily with cheery statistics about the international war against poverty. Poverty, it was reported, was beating a retreat, though the poor, ill-informed, didn't hear the good news. Now, however, the best-paid bureaucrats of the planet are confessing that they were the ones who had it wrong.
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The World Bank has made known that its International Comparison Programme (which seeks to measure the relative social and economic well-being of the world's countries) has been brought up to date. The Bank, the International Monetary Fund, the United Nations, the Organization for Economic Co-operation and Development are all part of the initiative.
In the new findings, the experts correct a few of the errors present in earlier reports. Among other things, they inform us that the...
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