Measuring Poverty Properly
The gap between rich and poor continues to widen around the world, but governments cannot provide the necessary resources to raise living standards without accurate measures of the scope of the problem. The Multidimensional Poverty Index offers policymakers an essential tool for building an adequate safety net.
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KUALA LUMPUR – The 2019 Oscar-winning film Parasite attracted a global audience for its arresting portrayal of South Korea’s stark income inequality. The movie’s rendering of a low-income household’s acute sense of alienation resonated widely, no doubt because similar sentiments are palpable in many other countries. And the gap between the haves and have-nots is growing, thanks to the dual challenges of COVID-19 and climate change.