Measures of development

7 flashcards · Economics · by Addaneye

1. Important indicators of development

   Access to clean water Number of mobile phones per hundred Access to the internet Energy consumption Proportion of population in agricultural work

2. Measures of development

   Human development index (HDI) Inequality Adjusted Human Development Index (IHDI) Multidimension Poverty Index (MPI)

3. What are the three things HDI measures?

   Education (mean years of schooling) Health (life expectancy at birth) Living standards (real GNI per capita)

4. Advantages of HDI

   Holistic - focuses on a range of indicators Good for comparison

5. Disadvantages of HDI

   Omits other indicators Ignores distribution of development

6. What is the IHDI?

   The human development index, taking into account the distribution of development in an

7. What is the MPI?

   Multidimensional Poverty Index. Takes into account several other indictors and then measures the number of people in poverty and average intensity of that povery