Emerging and developing economies Flashcards
1
Q
What’s the human development index?
A
A measure of economic development that accounts for health (life expectancy at birth), education (years of schooling) and income (real GNI per capita at purchasing power parity).
2
Q
What are the advantages of the HDI?
A
Accounts for key factors which are important for the development of a country, unlike just GDP or GNI.
Relatively easy to calculate.
3
Q
What are the disadvantages of the HDI?
A
Doesn’t account for quality of life or quality of education.
No consideration for equality of income.
Doesn’t account for political freedom or the environment.
