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:
“Much of what Mr. Wallace calls his global thinking is, no matter how you slice it, still globaloney. Mr. Wallaces warp of sense and his woof of nonsense is very tricky cloth out of which to cut the pattern of a post-war world.”
—Clare Boothe Luce (19031987)
“There was the murdered corpse, in covert laid,
And violent death in thousand shapes displayed;
The city to the soldiers rage resigned;
Successless wars, and poverty behind;
Ships burnt in fight, or forced on rocky shores,
And the rash hunter strangled by the boars;
The newborn babe by nurses overlaid;
And the cook caught within the raging fire he made.”
—Geoffrey Chaucer (1340?1400)
“Expediency of literature, reason of literature, lawfulness of writing down a thought, is questioned; much is to say on both sides, and, while the fight waxes hot, thou, dearest scholar, stick to thy foolish task, add a line every hour, and between whiles add a line.”
—Ralph Waldo Emerson (18031882)