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. Wallace’s 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 (1903–1987)
“The prevalent fear of poverty among the educated
classes is the worst moral disease from which our civilization suffers.”
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“Their bodies are buried in peace; but their name liveth for evermore.”
—Apocrypha. Ecclesiasticus, 44:14.
The line “their name liveth for evermore” was chosen by Rudyard Kipling on behalf of the Imperial War Graves Commission as an epitaph to be used in Commonwealth War Cemeteries. Kipling had himself lost a son in the fighting.