China’s statistics don’t add up
Published: 02 August, 2004
Lester Thurow casts doubt on the reliability of Chinese, Indian and US growth rates and suggests that reluctance to increase spending is impeding better data collection
Statistics interest about 10% of the population. The processes that determine the underlying accuracy of statistics probably interest 1% of the population. And the number of people willing to spend more money to improve the accuracy of statistics approaches zero. But, unfortunately, without good statistics, those interested in economics are flying blind without a map.
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