Measures of Development Eval Stats Flashcards
GDP
doesn’t account for informal economy
e.g. Afghan’s $2 billion heroin trade
- equivalent to 13% of its GDP
GNI
social inequality not accounted
e.g. Qatar
- many human rights concerns: 6500 migrant workers died in construction of 2022 world cup stadiums
per capita
china GDP - 2nd largest in world ($18 trillion)
china GDP/capita - 79th in the world
doesn’t measure income ineq: Qatar highest GDP per capita in world, but 9th worst income ineq
Life expectancy political
Cuba has LE of 78 but one party state (corrupt)
life expectancy social
LE for black south africans = 62.9 years
LE for white south africans = 78.6 years
= more than 15 year disparity
infant mortality rate
2020:
- sierra leone ranked top, 80 deaths per 1000 live births
- Sweden bottom with 2 deaths per 1000 births
BUT: In 2020, 44% of SL pop under poverty line
Education
Cuba has 11 yrs of schooling, but 72% live below poverty line
HDI
doesn’t measure income inequality
e.g. SA with 41% of income inequality related to race