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Explain What the Multidimensional Poverty Index Is, What It Measures

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Essay

Explain what the multidimensional poverty index is, what it measures, and what indicators are used for industrialized and developing countries.


Definitions:

Brain Drain

The emigration of highly trained or qualified individuals from a particular country or region, often due to better opportunities or living conditions elsewhere.

Economic Efficiency

A condition in which a system is capable of producing maximum desired outputs from given inputs without wastage, reflecting optimal allocation of resources.

Information Flow

The movement of information within and between entities, which is crucial for decision making and operations.

Politically Authoritarian

A governance system marked by strong central power and limited political freedoms and personal rights.

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