Feb 14, 2006

Department Of The Obvious

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(Toledo, OH) A report issued by the World Bank must have been composed by a smart-ass intern.

Entitled "Latin America Needs To Cut Poverty To Boost Growth," the report comes to the breathtaking conclusion that poverty reduces economic growth.

Hmmm....

Pamela Cox, the Bank’s Vice-President for Latin America and the Caribbean, is quoted in the report: “Among other things, poverty itself is hampering the region’s growth and unless the constraints affecting the poor are addressed, strong growth will remain elusive.”

If I had authorized the expenditures necessary to prepare this study, I think I would be updating my resume about now.

6 comments:

Anonymous said...

Nah - if you worked at the World Bank you'd be set for life. They don't expect results!

-Petrograde

Anonymous said...

I had to click on the link to make sure this is real. Did they really need to do a stidy to find out poor people can't help economic growth? This is retarded.

Name withheld to protect the guilty said...

You know, I used to think studies of obvious issues were stupid, but then I thought of the case of ulcers.

For years, everybody "knew" that ulcers were caused by stress or spicy food, and that bacteria could never live in the stomach. In 1982, a couple of Australians showed that most ulcers are caused by a bacterium, H. pylori. In just over a decade, most ulcers were suddenly treated--effectively!--with antibiotics.

These guys won the Nobel Prize in Medicine last year, because they decided to challenge what was immediately "obvious." So yes, it seems dumb to me too, but 25 years ago, everyone "knew" that bacteria couldn't cause ulcers.

historymike said...

Good point and thoughtful comparison, nwtpg.

H. pylori made a lot of researchers look pretty foolish, didn't it?

-Sepp said...

The real funny part? I'd bet the farm that the "study" cost over a million dollars to produce. Are they hiring at the world bank? My studies on water and it's dampening effects might interest them.

Hooda Thunkit said...

I would have thought that WE were the world bank, the way we're throwing money at everything/everyone...

Our government needs to go on a diet, a very long term diet...