Topic 5-measures Of Development Flashcards

0
Q

Human development index (HDI)

A

Index based on 3 indicators of development. These include longevity, educational attainment and gdp per capita in PPP terms
Measurements are then combined to produce a composite index rating between 0-1 with higher values reflecting higher human development index

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1
Q

Advantages of HDI

A
  • considers more than GDP so more accurate
  • index makes it easier to make comparison
  • data can be used to measure living standards
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2
Q

Data that could be used to measure living standard and development

A
  • energy consumption
  • calorie intake
  • patients per doctor
  • infant mortality rate
  • adult literacy rate
  • %of the population below the international poverty line
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3
Q

Disadvantages of HDI

A
  • does not give a strong indication of how living standards might change in the future
  • HDI is not clear on on poverty lines and how difficult life might be for some people
  • less economically developed countries do not have the figures readily available
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4
Q

Evaluation of other measurements

-energy consumption

A
  • leads to more pollution damaging the future health+ future generation
  • all measurements have to be balanced together not used on their own
  • expected to make comparisons between ween data for different countries
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5
Q

LEDCs

A

Sub-Saharan africa
Latin America
South Asia
Southeast Asia

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6
Q

Disadvantages of GDP/GNI

Social indicators

A

Standard of living is difficult to measure with GDP because it could be argued that the quality of lives depends on more than one thing

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7
Q

Disadvantages of GDP/GNI

Informal sectio and accuracy of data

A

-developing countries come under the category of the informal sector where a lot of economic activity takes place without an exchange of money (unrecorded transactions)

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8
Q

Disadvantages of GNI per capita

-inequalities of income distribution

A
  • looking at the average income is very could be misleading if there is a wide difference in the way in which income is distributed within country
  • income may be more unequally distributed within one country
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9
Q

GNI

GNI per capita

A

GDP plus net income from abroad
That average level of GNI Per person e.g. in the developing countries it is common for nationals abroad to remit part of their income back to their families abroad

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