Notes

Preface

1. Estimates of this number span a wide range. For example, “More than one-half of the world’s people live below the internationally defined poverty line of less than US $2 a day — including 97 percent in Uganda, 80 percent in Nicaragua, 66 percent in Pakistan, and 47 percent in China, according to data from the World Bank.” Population Reference Bureau, 2005 World Population Data Sheet.

However, we place more trust in the figure used in Portfolios of the Poor: How the World’s Poor Live on $2 a Day: “Over 2.7 billion people in the world live on $2 or less a day.” Daryl Collins, Jonathan Morduch, Stuart Rutherford, and Orlanda Ruthven (Princeton, NJ: Princeton University Press, 2009).

2. International Finance Corporation and World ...

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