4.3 Emerging and developing economies

Question 1

What does HDI stand for

Answer 1

Human development index

Question 2

What is the HDI

Answer 2

• introduced in 1990 UN
  is a composite index measuring the average achievement in basic areas of economic development

Consists of
- health
- education
- living

Question 3

What is the health section of HDI

Answer 3

measured by the life expectancy at birth
- represents levels of national healthcare

Question 4

What is the Knowledge section of HDI

Answer 4

first an educational component kade of the
- means years of schooling
- expected years of schooling

Question 5

What is the income section of HDI

Answer 5

as measured by the real Gross national income per capita at PPP

Question 6

What does the HDI do

Answer 6

published by the UNDP and focuses on longevity, basic education and minimal income
- it tracks progress made by countries in improving these three outomes
- the inclusion of education and health indicates sign of successful government policies in providing access to important merit goods

Question 7

Why is GNI used instead of GDP for the HDI

Answer 7

GNI is now used rather than GDP because of the growing size of remittances in the global economy and the importance of international aid payments