scroll to top
Stuck on your essay?
Get ideas from this essay and see how your work stacks up
Word Count: 1,280
What are the main criticisms of the Dollar a day method of calculating poverty Poverty exists throughout the whole world In all its forms be it relative or absolute poverty is a mass epidemic in third-world countries especially To successfully counter poverty as a whole therefore it is imperative to compile and calculate the true extent of it The most respected and most cited compilation of poverty is carried out by the World Bank bank henceforth Critics argue that the fundamental premise on which poverty is calculated is flawed It is flawed to such an extent that according to Reddy and Pogge the banks estimate of world poverty is underestimated by 30 - 40 The erroneous premise is the use of the Dollar a day method as a universal judgement of poverty On an international level majority of the residents of the world do not use the Dollar apart from the US and a select few countries The currencies of the world are wildly disproportionate to the value of the Dollar for example one US Dollar is equivalent to 53 Bangladeshi Takas To judge poverty on an international level it becomes necessary to use an international standard The international standard which was originally set at one Dollar is currently set at 108 a day This can be taken literally to mean that a person anywhere in the world who lives on the equivalent of 108 or less a day is absolutely poor To be able to use the criteria of a Dollar a day for calculating poverty between countries with different currencies and different economies it is important that instead of using exchange rates to compare cross-national living standards measures of income in local currencies are converted on an internationally comparable scale using Purchasing Power Parities PPP henceforth Townsend P 1993 PPP simply measures the amount of goods or services which the equivalent of a Dollar can buy in different countries Monbiot G 2003
@Kibin is a lifesaver for my essay right now!!
- Sandra Slivka, student @ UC Berkeley
Wow, this is the best essay help I've ever received!
- Camvu Pham, student @ U of M
If I'd known about @Kibin in college, I would have gotten much more sleep
- Jen Soust, alumni @ UCLA