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There is no evidence for poverty or middle income traps and development policy should reflect this reality
Friday, June 6, 2014 7:12
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Country income classifications, with their division into
low ( less than $1,036),
middle ($1,036–$12,625), and
high ( over $12,625) are arbitrary.
$1.25 and $2 poverty lines are also arbitrary.
1. There is no natural grouping of economies based on GNI per capita.
2. Country income status does not correlate with trend breaks or end points in anything else we care about.
Out of all of the potential variables out their covering health, education, components of national output, the environment, and everything else there are some indicators that suggest some sort of break somewhere near the low- or middle-income cutoffs, but it would be fair to say that’s by luck not design.
SOURCE – Charles Kenny, Center for Global Development
Source: http://nextbigfuture.com/2014/06/there-is-no-evidence-for-poverty-or.html
