Development

Question 1

What does HDI stand for?

Answer 1

Human Development Index

HDI is a composite index used to measure human development.

Question 2

What are the three indices that comprise the HDI?

Answer 2

• Life expectancy index
• Education index
• Income index (GNI)

These indices together provide an indication of a person’s capabilities and wellbeing.

Question 3

Why is HDI preferred over GDP as a measure of development?

Answer 3

HDI measures three factors, providing a more rounded view of living standards than GDP

GDP primarily focuses on income, while HDI includes health and education.

Question 4

List the indicators of development.

Answer 4

• Income measures
  
  • GDP per capita
  • GNI per capita
• Social measures
  
  • Life expectancy
  • Literacy rate
  • Infant mortality rate
• Composite indicators
  
  • HDI
  • MPI (multidimensional poverty index)

These indicators reflect various aspects of development.

Question 5

What are some barriers to development?

Answer 5

• Corruption
• Conflict and war
• Poor infrastructure
• Debt

These factors can significantly hinder the progress of development.

Question 6

What are market-based approaches to development?

Answer 6

• Trade liberalisation
• Attracting foreign direct investment (FDI)
• Improving education and healthcare

These strategies focus on leveraging market mechanisms for development.

Question 7

What are interventionist approaches to development?

Answer 7

• Government investment in infrastructure
• Aid and debt relief
• Protection of infant industries

These strategies involve direct government action to promote development.

Question 8

Fill in the blank: The HDI does not reflect on ______, poverty, human security, empowerment, etc.

Answer 8

inequalities

HDI captures only part of what human development entails.