HUMAN DEVELOPMENT INDEX Flashcards
2 Development Theories
What is the Human Development Index (HDI)?
The HDI is a summary measure of a country’s average achievement based on health, knowledge, and standard of living.
What is the purpose of the HDI?
It highlights the significance of people and their abilities in evaluating the development of a country.
What was the HDI ranking of the Philippines in 2022?
- 113th
- categorized as High Human Development
- with an HDI Value of 0.710.
What are the three dimensions of human development in HDI?
- Long and healthy life
- Knowledge
- A decent standard of living
What indicators are used to measure HDI?
- Life expectancy at birth
- Expected years of schooling, mean years of schooling
- Gross National Income (GNI) per capita
What are the dimension indices in HDI?
- Life expectancy index
- Education index
- GNI index
How is HDI calculated?
The index is calculated by normalizing and aggregating the three indicators.
What is the scoring scale for HDI indicators?
Indicators are scaled from 0 to 1, with minimum values scoring 0 and maximum values scoring 1.
What is the formula for calculating HDI?
HDI = (Health Index * Education Index * Income Index)^(⅓)
What are some strengths of the HDI?
- Measures income, health, and education for a comprehensive view.
- Widely used by governments and researchers.
- Effective for analyzing development levels over time.
- Captures attention of media and policymakers.
- Aligns with Sustainable Development Goals (SDGs).
What are some weaknesses of the HDI?
- Oversimplification and equal weighting.
- Quality of education and income distribution issues.
- Regional and demographic differences.
- Incomplete view of development.
- Numerical constraints.