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International Comparison Program E-Learning Course Module 1, Lesson1

Why y do we e need eed ICP C


International Comparison Program - Module 1

Outline

Introduction 1. Historical background 2. ICP governance framework 3. Governance structure 4. Participating countries and regions


International Comparison Program - Module 1

The e International te at o a Co Comparison pa so Program og a

Collects comparative price data

Compiles expenditure values of Countries’ Countries GDPs

Estimated PPPs


International Comparison Program - Module 1

The ICP is designed to compare levels of economic activities between countries by estimating PPPs to convert values in national currencies into a common currency in order to provide estimates of “volumes” or “real expenditures” of activity.


International Comparison Program - Module 1

Global G oba ICP C Participation a t c pat o – Historical sto ca G Growth o t 200

146 Number of countries/econom ies

6 Countries

117

Participated

i 1967 in 60

64

34

30

16 6 1967 2011

10

1970

1973

1975

1980

1985

1990

1993

2005

Years


International Comparison Program - Module 1

The e Importance po ta ce o of tthe e ICP C Program og a

These Helps to comparisons allow the users to • Compare size of of different economies. Make soundrelative comparisons living standards Calculatecountries differences in living standards between countries. •• Between Calculatewidely people’s well-being in different •• Between separated periods of timecountries. • Measure global inequality. Calculate price indexes • For GDP • For its components


International Comparison Program - Module 1

Usefulness Use u ess o of tthe e Go Governance e a ce St Structure uctu e

National Coordinators

National Coordinators

Governance structure was implemented to ensure consistent results by: • Coordinating work globally • Establishing a single set of standards • Providing centralized technical and practical guidance • Providing common ruling on issues prone to different interpretations


International Comparison Program - Module 1

Purpose u pose of o the t e ICP C Go Governance e a ce Framework a e o

ICP Governance Framework • Institutes Executive Board (Drawn from international organizations and national statistical institutes) • Provides terms of reference for Executive Board & Technical Advisory Group • Specifies p role of Global Office


International Comparison Program - Module 1

Governance Go e a ce Structure St uctu e United Nations Statistical Commission

Governance structure ensures Executive Board

Consistent and standardized data methodologies across regions by: g work g globally y • Coordinating World Bank

• Establishing a single set of standards • Providing centralized

Global Office Global technical manager and practical

guidance

Technical Advisory Group

• Providing common ruling on issues prone to different interpretations Regional advisory board Regional coordinating agencies

Africa

AsiaPacific

CIS

LAC

OECDEurostat

Pacific Islands

Wes-tern Asia

Singleton countries


International Comparison Program - Module 1

ICP C Go Governance e a ce Bodies od es United Nations Statistical Commission

Provides strategic leadership, takes decisions about ICP’s priorities, standards, overall work program and budget, and oversees activities of Global Office

Provides overall oversight of ICP

Executive Board Responsible for the Global Office’s operations

World Bank

Organizes meetings, develops methodologies, guides research, prepares specifications, coordinates data collection and validation, provides technical assistance, computes global PPPs and p publishes blishes final global results

Global Office Global manager

Regional advisory board Regional coordinating agencies

Liaises with national agencies, develops regional product pricing lists, trains staff, validates data received, produces and publishes regional results.

Technical Advisory Group

Provides Global Office and regional coordinators with technical inputs p to resolve issues, links regional PPPs to obtain global results, adopts data access policies, prepares regional and global reports.


International Comparison Program - Module 1

Country Cou t y Participation a t c pat o Projected Participants in ICP 2011

Africa Asia & Pacific CIS Latin America & Caribbean OECD & Eurostat Pacific Islands W Western Asia A i Singleton Countries

For more information, visit:

http://www worldbank org/data/icp http://www.worldbank.org/data/icp


International Comparison Program - Module 1

International Comparison Program DECDG, World Bank For more information: http://www.worldbank.org/data/icp


Why do we need ICP