Development Indicators Flashcards
Single indicators disadvantages (Inequalities exist between rich and poor)
Hide variations within countries. For example, Saudi Arabia performs well in economic development measures because of the oil industry.
Single Indicator Disadvantage (Purchasing power)
Countries appear less developed and/or have a low quality of life as one dollar will often go further and buy more necessities in some parts of the world
Single Indicator Disadvantage (Regional Variations)
Masked. Eg In Brazil rural and urban areas differ greatly. Rural communities lack services such as healthcare and education for youngsters.
Single Indicators Disadvantage (Informal Economy)
Is not considered as single indicators are too narrow. In China subsistence agriculture remains common and is not yet monetised - devalues the economic output of China.
HDI benefit
Gives a more accurate picture on development by measuring aspects of health, education and economic activity