Measuring development Flashcards
Income per capita
Generally very reliable, but not for LDCs because it can be hard to calculate. Relevant because the higher the GDP, the more developed the country is.
Economic sector balance
The economy is divided into 4 sectors whose importance changes as a country develops.
Shows how the importance of each sector varies through a pre-inductrial, industrial and post-industrial time frame.
HDI
Ranks countries according to economic and social criteria.
Gives a number from 0-1
Because there are several sources, its very valid but it can be subjective because someone chooses how each part is weighed.
Gender inequality
Combination of reproductive health, social empowerment and workforce participation of people over 15y.
Takes into account 3 factors, very valid
However some countries are influenced by tradition and culture (Saudi Arabia will have lower gender equality).
Environmental quality
Ranks countries on indoor and outdoor pollution
More developed countries tend to have more cars and burn more fuels.
But as it developed further, it finds ways to reduce pollution.
UN happiness index
consists of GDP, social support, healthy life expectancy, freedom of life choices, generosity, trust and residual.
Has a weighted score from 1-10
Reliable because it takes into account many factors.