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Bank Quote by Angus Deaton

“The World Bank adjusts its poverty estimates for differences in prices across countries, but it ignores differences in needs.” quote by Angus Deaton
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“The World Bank adjusts its poverty estimates for differences in prices across countries, but it ignores differences in needs.”

Angus Deaton

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.

Key Takeaway

Consider both price and need in poverty metrics.

Themes

economics poverty measurement

Mood

analytical critical

Type

research policy

When to use this quote

  • policy analysis
  • international development
  • NGO reporting

Key Concepts

price indices needs assessment

Questions to Reflect On

  • How might need-based adjustments change poverty rankings?
  • What data would capture differing needs?
A Different Perspective

Ignoring needs can mislead aid allocation.

2.6 out of 5 (7 ratings)

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