4.3 emerging and developing economies

Question 1

HDI

Answer 1

A measure of economic development calculated by the UN. It is a composite index based on three factors:
-health as measured by life expectancy at birth
-education as measured by the mean years of adults aged 25+ and the expected years of schooling
-income as measured by GNI per capita at purchasing power parity

Question 2

advantages of HDI

Answer 2

-takes into account three key factors which are important for the development of a country
-relatively easy to calculate because governments tend to collect the statistics used in the data

Question 3

disadvantages of HDI

Answer 3

-health takes no notice of the quality of life that people enjoy and education doesn’t take into account the quality and success of education
-no consideration for the equality of income
-other factors which also affect development, for example freedom from corruption or the environment

Question 4

multidimensional poverty index

Answer 4

The percentage of the population that is multidimensional poor. It uses data for health, education and standard of living but uses a broader range of indicators within these categories