A controversial book IQ and the Wealth of Nations, claims to show that the wealth of a nation correlates closely to its IQ score. This claim has been both disputed and supported in peer-reviewed papers.
Validity and g-loading of specific tests:
While IQ is sometimes treated as an end unto itself, scholarly
work on IQ focuses to a large extent on IQ's validity, that is,
the degree to which IQ predicts outcomes such as job performance,
social pathologies, or academic achievement. Different IQ tests
differ in their validity for various outcomes.
Tests also differ in their g-loading, which is the degree to which the test score reflects general mental ability rather than a specific skill or "group factor" such as verbal ability, spatial visualization, or mathematical reasoning). g-loading and validity are related in the sense that most IQ tests derive their validity mostly or entirely from the degree to which they measure g (Jensen 1998).
Social construct?
Some maintain that IQ is a social construct invented by the privileged
classes, used to maintain their privilege. Others maintain that
intelligence, measured by IQ or g, reflects a real ability, is a
useful tool in performing life tasks and has a biological reality.
The social-construct and real-ability interpretations for IQ differences can be distinguished because they make opposite predictions about what would happen if people were given equal opportunities. The social explanation predicts that equal treatment will eliminate differences, while the real-ability explanation predicts that equal treatment will accentuate differences. Evidence for both outcomes exists. Achievement gaps persist in socioeconomically advantaged, integrated, liberal, suburban school districts in the United States. Test-score gaps tend to be larger at higher socioeconomic levels (Gottfredson, 2003). Some studies have reported a narrowing of score gaps over time.
While public discourse on IQ testing is generally inflammatory, IQ tests are used ubiquitously in research and education. In general, there is a disparity between the public perception of IQ testing and the opinion of intelligence researchers.
The reduction of intelligence to a single score seems extreme and wrong to many people. Opponents argue that it is much more useful to know a person's strengths and weaknesses than to know their IQ score. Such opponents often cite the example of two people with the same overall IQ score but very different ability profiles. As measured by IQ tests, most people have highly balanced ability profiles, with differences in subscores being greater among the more intelligent.
IQ scores are not intended to gauge a person's worth, and in many situations, IQ may have little relevance.
The Mismeasure of Man:
Many scientists disagree with the practice of psychometrics in
general. In The Mismeasure of Man, Professor Stephen Jay Gould strongly
disputes the basis of psychometrics as a form of scientific racism,
objecting that it is:
...the abstraction of intelligence as a single entity, its location within the brain, its quantification as one number for each individual, and the use of these numbers to rank people in a single series of worthiness, invariably to find that oppressed and disadvantaged groups—races, classes, or sexes—are innately inferior and deserve their status. (pp. 24-25). Later editions of the book include criticism of The Bell Curve.
The view of the American Psychological Association
In response to the controversy surrounding The Bell Curve, the American Psychological Association's Board of Scientific Affairs established a special task force to publish an investigative report on the research presented in the book. The full text of the report is available at a third-party website.
The findings of the task force state that IQ scores do have high predictive validity for individual (but not necessarily population) differences in school achievement. They confirm the predictive validity of IQ for adult occupational status, even when variables such as education and family background have been statistically controlled. They agree that individual (again, not necessarily population) differences in intelligence are substantially influenced by genetics.
They state there is little evidence to show that childhood diet influences intelligence except in cases of severe malnutrition. They agree that there are no significant differences between the IQ scores of males and females. The task force agrees that large differences do exist between the average IQ scores of blacks and whites, and that these differences cannot be attributed to biases in test construction. While they admit there is no empirical evidence supporting it, the APA task force suggests that explanations based on social status and cultural differences may be possible. Regarding genetic causes, noted that there is not much direct evidence on this point, but what little there is fails to support the genetic hypothesis.
The report was published in 1995 and thus does not include a decade of recent research.