Bank Quote by Angus Deaton
“The World Bank adjusts its poverty estimates for differences in prices across countries, but it ignores differences in needs.”
About This Quote
Source Report: World Bank Poverty Measurement Methodology, 2015
The Bank adjusts poverty by price differences but neglects varying needs, leading to incomplete comparisons.
In simple terms: It counts costs but not what people actually need.
Consider both price and need in poverty metrics.
Themes
Mood
Type
When to use this quote
- policy analysis
- international development
- NGO reporting
Key Concepts
Questions to Reflect On
- How might need-based adjustments change poverty rankings?
- What data would capture differing needs?
Ignoring needs can mislead aid allocation.