Justin Sandefur: “It’s not that anyone who was hungry the night before woke up with food in their belly or that people are any less poor in any real sense. It’s just categorized differently on paper.” [7:31]
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“The global allocation of poverty looks very different with these new PPP exchange rates. The share of the global poor living in South Asia fell from about half to about a third whereas the share of the global poor living in sub-Saharan Africa grew from like 28 percent to around nearly 40 percent.” [11:20]