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)
“He who is not capable of enduring poverty is not capable of being free.”
—Victor Hugo (18021885)
“A line in long array, where they wind betwixt green islands;
They take a serpentine coursetheir arms flash in the sunhark to the musical clank;”
—Walt Whitman (18191892)