Research what is meant by the HDI. What components are measured?How is economic development different to economic growth?Which country has the lowest HDI value for 2017 and which has the highest?Use the worldbank or UNDP website to research the HDI values for 3 countries for 2 different years between 2000 and 2018. Create a table that compares all of the 4 measures, plus the ranking for the country. Do this for both years for all 3 of your chosen countries.
Question
Research what is meant by the HDI. What components are measured?How is economic development different to economic growth?Which country has the lowest HDI value for 2017 and which has the highest?Use the worldbank or UNDP website to research the HDI values for 3 countries for 2 different years between 2000 and 2018. Create a table that compares all of the 4 measures, plus the ranking for the country. Do this for both years for all 3 of your chosen countries.
Solution
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The Human Development Index (HDI) is a statistical tool used to measure a country's overall achievement in its social and economic dimensions. The social and economic dimensions of a country are based on the health of people, their level of education attainment and their standard of living.
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The components measured in HDI are:
- Life Expectancy at Birth: This index measures the average number of years a newborn is expected to live assuming that current mortality rates will remain the same throughout their life.
- Education Index: This is measured by means of years of schooling for adults aged 25 years and more and expected years of schooling for children of school entering age.
- Standard of Living: This is measured by Gross National Income (GNI) per capita expressed in terms of Purchasing Power Parity (PPP) US dollars.
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Economic development is a broader concept than economic growth. Economic growth refers to an increase in a country's output of goods and services, typically measured by Gross Domestic Product (GDP). Economic development, on the other hand, considers more than just the economic growth of a country, but also the welfare of the population, such as improvements in literacy rates, life expectancy, and poverty rates.
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According to the UNDP, in 2017, Norway had the highest HDI value of 0.953, while Niger had the lowest HDI value of 0.354.
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For the HDI values of three countries for two different years between 2000 and 2018, I will use the UNDP website. Let's take the example of Canada, Australia, and Germany for the years 2000 and 2018.
| Country | Year | HDI Value | Life Expectancy at Birth | Mean Years of Schooling | GNI per Capita | Global Ranking |
|---|---|---|---|---|---|---|
| Canada | 2000 | 0.873 | 78.6 | 12.3 | 28,475 | 3 |
| Canada | 2018 | 0.922 | 82.3 | 13.3 | 45,981 | 13 |
| Australia | 2000 | 0.898 | 79.5 | 11.5 | 26,431 | 2 |
| Australia | 2018 | 0.938 | 83.3 | 12.7 | 44,097 | 6 |
| Germany | 2000 | 0.860 | 78.0 | 11.7 | 26,555 | 17 |
| Germany | 2018 | 0.936 | 81.2 | 14.1 | 47,603 | 5 |
Please note that the data might slightly vary depending on the source.
Similar Questions
The HDI is perhaps a better measure of development because: A. It is more up to date. B. It includes economic measures. C. It is more accurate. D. It includes both economic and social measures.
: Historical Evolution of HDI
Human Development Report published by UNDP compares countries based on _________.Select an answerAhealth statusBper capita incomeCeducational levels of the peopleDall of the above
Which regions have an HDI below the World average?1 pointEurope and Central AsiaSouth AsiaEast Asia and the PacificLatin America and the CaribbeanArab statesSub-Saharan Africa
Question 3Check out the 2014 data for the Human Development Report here: http://hdr.undp.org/en/composite/HDI. Look at Table 1. Which of the below countries do not have “Very High Human Development”?1 pointIrelandCroatiaAzerbaijanSingaporeSeychelles
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