--- title: "Meaning & Key Takeaway of: The World Bank adjusts its poverty…" description: "\"The World Bank adjusts its poverty estimates for differences in prices across countries, but it ignores differences in needs.\" — Angus Deaton" image: "https://sms4smile.com/quotes/i/dd1/angus-deaton-5260_bank_the-world-bank-adjusts-its-poverty-estim_1171531.jpg" --- # The World Bank adjusts its poverty estimates for… ![“The World Bank adjusts its poverty estimates for differences in prices across countries, but it ignores differences in needs.” quote by Angus Deaton](https://sms4smile.com/quotes/i/dd1/angus-deaton-5260_bank_the-world-bank-adjusts-its-poverty-estim_1171531.jpg) [Download](https://sms4smile.com/quotes/i/dd1/angus-deaton-5260_bank_the-world-bank-adjusts-its-poverty-estim_1171531.jpg) [Open image](https://sms4smile.com/quotes/i/dd1/angus-deaton-5260_bank_the-world-bank-adjusts-its-poverty-estim_1171531.jpg) > “The World Bank adjusts its poverty estimates for differences in prices across countries, but it ignores differences in needs.” [Angus Deaton](https://sms4smile.com/quotes/author/angus-deaton/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. 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. ★ ★ ★ ★ ★ No ratings yet [Adjusts Poverty](https://sms4smile.com/quotes/about/adjusts-poverty-3398314/) [Bank](https://sms4smile.com/quotes/about/bank/) [Countries Ignores](https://sms4smile.com/quotes/about/countries-ignores-3398316/) [Differences](https://sms4smile.com/quotes/about/differences/) [Ignores Differences](https://sms4smile.com/quotes/about/ignores-differences-3398317/) [Needs](https://sms4smile.com/quotes/about/needs/) [Poverty](https://sms4smile.com/quotes/about/poverty/) [Poverty Estimates](https://sms4smile.com/quotes/about/poverty-estimates-3398315/) [Rich](https://sms4smile.com/quotes/about/rich/) [World](https://sms4smile.com/quotes/about/world/) [World bank](https://sms4smile.com/quotes/about/world-bank/) ## Related quotes > [Affirmative action is not something that the World Bank believes in or promotes.](https://sms4smile.com/quotes/mahathir-mohamad/affirmative-action-is-not-something-that-the-world-bank-believes-in/) [Mahathir Mohamad](https://sms4smile.com/quotes/author/mahathir-mohamad/) > [I want to eradicate poverty. 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