The Oxford Poverty and Human Development Initiative just released its Multidimensional Poverty Index (MPI) as an innovative approach to poverty measurement.
The MPI certainly shakes up conventional wisdom. For example, according to the MPI, 51% of the world’s poor live in South Asia and 28% live in Africa. The MPI also asserts that roughly 1.7 billion people live in poverty, compared to previously held statistic of 1.3 billion. Furthermore, countries previously categorized as poor score higher on the MPI, whereas other countries that were considered relatively developed scored lower.