Multi-dimensional Poverty Index (MPI)
A new Index For many years one basis on which poverty is assessed has been people living on less than $1.25 or $2 per day. But this is a very ‘blunt’ way of measuring poverty as the value of $2 varies from one economy to another and also finance is not the only measure of real poverty. Recently I joined a live-stream seminar organised by the Overseas Development Institute in the UK which launched a new Multi-dimensional Poverty Index (MPI). This does not replace the economic one with which we are familiar but complements it. To me this made a lot of sense since it is far more indicative of the life issues that really define poverty. It has been developed in the Oxford Department of International Development, part of Oxford…