Although the development of a credible system of global poverty monitoring will take time and will require resources, the costs of developing it are

Although the development of a credible system of global poverty monitoring will take time and will require resources, the costs of developing it are small in comparison to the potential costs of ignorance.15 A globally transparent and widely consultative process should underlie the development of a new system of global poverty monitoring. Without an effort to develop such a system, it will be difficult to accept that the institutions concerned are serious about the task. References Ahmad, Sultan, 1992. “Regression Estimates of Per Capita GDP Based on Purchasing Power Parities”, Policy Research Working Paper 956, Washington D.C.: The World Bank. Chen, Shaohua, and Martin Ravallion, 2001. How Did the Worlds Poorest Fare in the 1990s?

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