Sunday, June 26, 2011

Estimating poverty


Management guru Peter Drucker once said, “What gets measured gets managed.” He was referring to the management of organisations, private and public, in this dictum. But the saying is equally applicable to issues of national importance. Correct measurement or determination is the first step towards effective tackling of a public policy issue. What if this seemingly small rule is not followed? Put simply it would mean: lax monitoring, sub-optimal public policy choices, poor planning, ad-hoc strategies, and lacklustre efforts.

Unfortunately application of this simple approach is badly lacking at the organisational level as well as in the management of national issues. The issue of poverty is a case in point. Poverty figures have not been quantified in the Economic Survey 2010-11, meaning we do not have official poverty figures.

See full Article.