HUMAN DEVELOPMENT INDEX Flashcards
(6 cards)
define the Human Development Index
the HDI provides a single statistic which can be used as a reference for both social and economic development.
the HDI is a number between 0 and 1
HDI Dimensions
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A long and healthy life
Knowledge
A decent standard of living
HDI indicator
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LIFE EXPECTANCY AT BIRTH-
the number of years a person can expect to live if mortality rates don’t change
EXPECTED YEARS OF SCHOOLING-
the number of years of formal schooling expected to be achieved by those entering the school system
MEAN YEARS OF SCHOOLING
the average number of years of schooling achieved by adults aged 25 and over
GROSS NATIONAL INCOME PER CAPITA-
the average income per person in a country, once debts to other countries have been paid
Advantages of HDI
Allows for the tracking of a country’s progress over time.
May allow for the governments of individual countries to identify areas for improvement.
Disadvantages of HDI
The HDI may be inaccurate as some low-income countries may not have reliable data for the indicators such as life expectancy at birth or mean years of schooling due to not everything being recorded by the government
The HDI, although moving beyond economic indicators, is still based on averages. Therefore it does not provide an indication of the inequalities that exist within countries.
