4.3.1 measures of development Flashcards
Three dimensions of the HDI
Health
-Assess health through life expectancy at birth
-Longer life expectancy=better health
Education
-Mean years of schooling
-Expected years of schooling
-Indicators reflect access to and quality of education
Living Standards
-GNI per capita adjusted for PPP to account for cost of living differences
-Higher GNI per capita represents a higher standard of living
How the measures are combined
-Measured on a scale of 0-1
-HDI combines these values by taking the geometric mean of the three indices
-No single dimension dominates the HDI so all have equal importance
Advantages of HDI
Holistic - considering all 3 factors
Simplicity - HDI is easy to understand - accessible for policymakers and the public
Global comparisons - highlight trends in development over time
Policy guidance - guide policymakers in identifying areas of development that require attention