Global Poverty Line
The global poverty line is a worldwide count of people who live below an international poverty line, referred to as the dollar-a-day line. This line represents an average of the national poverty lines of the world's poorest countries, expressed in international dollars. These national poverty lines are converted to international currency and the global line is converted back to local currency using the PPP exchange rates from the ICP.
Read more about this topic: Purchasing Power Parity
Famous quotes containing the words global, poverty and/or line:
“As the global expansion of Indian and Chinese restaurants suggests, xenophobia is directed against foreign people, not foreign cultural imports.”
—Eric J. Hobsbawm (b. 1917)
“The prevalent fear of poverty among the educated
classes is the worst moral disease from which our civilization suffers.”
—William James (18421910)
“Theres something like a line of gold thread running through a mans words when he talks to his daughter, and gradually over the years it gets to be long enough for you pick up in your hands and weave into a cloth that feels like love itself. Its another thing, though, to hold up that cloth for inspection.”
—John Gregory Brown (20th century)