The Oxford Poverty and Human Development Institute has released a new measure of global poverty. It’s called the multidimensional poverty index. The new metric seeks to measure household level deprivations such as education, health, and assets and services.
It’s an impressive effort. Clearly poverty is about more than income. And the first conclusion of the new poverty index is fascinating – eight Indian states contain more poor people than the 26 poorest African countries combined. That certainly shakes up my view of global poverty.