Human Development Index What factors indicate an economy’s success rates? infant mortality education sanitation health clean air clean water percentage.

Slides:



Advertisements
Similar presentations
Chapter 2 Meaning and Measurement of Economic Development
Advertisements

4.2 Measuring Development
International Financial Management: INBU 4200 Fall Semester 2004 Lecture 4: Part 3 International Parity Relationships: The Purchasing Power Parity Model.
Burgernomics! The Big Mac Index NERC March 13, 2006 Judy Heine
Analyzing Quantitative Data in Comparative Politics
How we measure development WHAT FACTORS MIGHT WE CONSIDER WHEN COMPARING THE DEVELOPMENT OF COUNTRIES?
Which has the higher child mortality?
Africa What does it really look like?
Development and health
International Development
DEVELOPING – DEVELOPED NATIONS. More than 150 countries in Asia, Africa, the Middle East, and Latin America are classified as developing nations.
Measuring Development
Chapter 9 Development.
Less Developed Countries Charles Hauss. Comparative Politics.
Lecture 2 Comparative Economic Development Copyright © 2009 Pearson Addison-Wesley. All rights reserved. 2-1.
Development Indicators. GDP Per Capita  Most widely used single indicator to assess living standards GDP/Population  Low ( $8,000) income countries.
Year 9 Geography exam Development. the meaning of development: the generation and spread of wealth; political freedom; safety and security; well-being.
RICH NORTH MEDC POOR SOUTH LEDC.
Key Issue 1 Why Does Development Vary Among Countries?
Chapter 2 Slide 1 Copyright © 2003 Pearson Education, Inc.
The Human Development Index (And More) IB SL. Key Questions... 1.What is it and what does it do? 2.Is it more accurate than using GDP as an indicator.
What is life expectancy? Why infant mortality? Human development indicators health Life expectancy is the average age to which a person lives. Life expectancy.
MCD & LDC MDC: More developed country is further along on the development spectrum. LDC: Less developed countries are in an earlier stage of development.
The Problems of Measuring Development Aims: To look at types of measurement To evaluate the differences To get a sense of policy differentiation To be.
DEVELOPMENT Development implies progress. In today’s world, this implies progress is being made in technology, production, and socioeconomic welfare (quality.
Demographic Terms Created by: Mr. D. Level of Development The productivity with which countries use their productive resources is widely recognized as.
Practice Applications.   GDP (Purchasing Power Parity)-  The total value, in adjusted US dollars, of all goods and services produced in a country in.
ECONOMIC DEVELOPMENT DEVELOPED NATIONS- Nations with the highest standard of living Ex. US, Japan, Canada, Australia, New Zealand.
GCSE Economics Unit 12b: Development EQ: What is economic development and how can we measure it?
IB Macroeconomics EQ: What is macroeconomic development and how can we measure it?
Measuring Development SCO 3.1 Demonstrate an understanding of various measures of Quality of Life.
Levels of Economic Development Levels of economic development are measured in goods and services available in a country.
Development Key Issue 1: Why Does Development Vary Among Countries?
Measuring Development. The level of economic development cannot be reflected in any single measure. The level of economic development cannot be reflected.
IGCSE ECONOMICS Section C 1/9/14. OUTPUT  The output of an economy is also known as National income. This measures the total value of goods and services.
How can economic well-being and the quality of life be measured?
Level of development and Human Development Index.
IT and HD. HDI Definition of 'Human Development Index - HDI‘ A tool developed by the United Nations to measure and rank countries' levels of social and.
Levels of Economic Development Levels of economic development are measured in goods and services available in a country.
Measuring Development Chapter 28. POVERTY TRAP/ CYCLES Measuring Development.
Measuring Development. Econ growth & econ development Economic growth: increases in output and incomes over time. Economic growth: increases in output.
What is development? How can we measure development?
Levels of Development. Indicators for Measuring Level of Development Infrastructure The basic foundations of an economy Transportation, sanitation, education,
Wealth How do we measure wealth?. Gross domestic product (GDP) This measures the wealth created in a country in a given year (includes the production.
AISHA KHAN SUMMER 2009 SECTION G & I LECTURE THREE ECO 102 Development Economics.
Human Environments: Development Development indicators.
Development Indicators and Patterns!. Single Indicators: Be able to compare/contrast MDCs and LDCs for each one 1. GDP per capita 2. GDP per
Introduction to Development
Can you spot the link between this and today’s lesson?
Mini Presentations: Economic & Social & Composite Indicators of Development.
Development Measurements. 1. ECONOMIC MEASUREMENTS OF DEVELOPMENT.
Do-First-5 Minutes Read “What is a population Pyramid” and answer the question that follows. This reading is on the reverse side of the 1 st page of your.
Global Groupings Lesson Aims: To know the various ways geographers classify and categorise nations according to their wealth and power.
Development and Development Indicators Koichi Fujita Professor CSEAS, Kyoto University, Japan.
Human Environments: Development
Issues of Economic Development. I.Levels of Development a.Developed Nations i.Def: have a market economy, a high standard of living, high GDP, industrialization,
Levels of Development If you have $1, you have more money than over a billion people in the world, to spend on food, shelter, & clothing for today. Economists.
Human Development Index
Poverty trap/Poverty cyle
Purchasing Power Parity
Measures of Development
How do we compare different countries??
Demographic Indicators
DeVELOPMENT KEY ISSUE 1.
Development Indicators
Demographic Indicators
Warmup Please put today’s date on the “Date” column
Indicators of Development
The Human Development Index (And More)
Economic Growth & Productivity
Presentation transcript:

Human Development Index

What factors indicate an economy’s success rates? infant mortality education sanitation health clean air clean water percentage of energy from renewable resources diversity of species income distribution incidence of stress related disease. rate of population growth literacy share of raw materials being recycled Political freedom Infrastructure Life expectancy Medical care

What is HDI? HDI – Human Development Index It is a UN measure of a country’s development It gives countries a value between 0 and 1 on THREE key factors Resources Knowledge Life Span

HDI - Resources Measures in GDP in PPP Territory size shows the proportion of worldwide Gross Domestic Product measured in US$ equalized for purchasing power parity in 2015.

Purchasing Power Parity (PPP) Purchasing power - differences in the cost of living between countries A hypothesis that the long run changes in exchange rates are caused by differences in inflation rates between countries

Burgernomics… Burgernomics is based on the theory of purchasing-power parity (PPP), the notion that a dollar should buy the same amount in all countries. Thus in the long run, the exchange rate between two countries should move towards the rate that equalizes the prices of an identical basket of goods and services in each country. Our "basket" is a McDonald's Big Mac, which is produced in about 120 countries. The Big Mac PPP is the exchange rate that would mean hamburgers cost the same in as abroad. Comparing actual exchange rates with PPPs indicates whether a currency is under- or overvalued.

HDI Knowledge Literacy School enrolment

HDI Life Span Life expectancy

Child Mortality HDI Life Span Life expectancy &

Child Mortality “The child mortality rate—the number of under-fives dying per thousand live births—dropped by almost a quarter worldwide between 1990 and … Progress in sub-Saharan Africa, where the death rate is highest, has been slower. Around one in six children in the region still die before the age of five and the rate is rising in some countries. Pneumonia, diarrhoeal diseases and malaria together account for more than two-fifths of child deaths.” From The Economist

picture by Kevin Carter, winner of the 1994 Pulitzer Prize

So which countries would you put in your top 5 and bottom 5 under HDI stats? 1. Norway 2. Australia 3. New Zealand 4. USA 5. Ireland 165. Mozambique 166. Burundi 167. Niger 168. Congo 169. Zimbabwe These were Oct 2011 data!

Your task…. Using the spreadsheet Select one country which is in the HDI measures from one category…. High Medium Low Create a ‘one page’ slide / poster to show their HDI economic data (A3 size) Include relevant economic / HDI statistics from the country Always place the data in context…. Link to 1 st closest & worst set of data Include the 3 categories for HDI

HDI latest statistics

Ideas for research / Poster After looking at HDI statistics Use Google – type in country’s name Look at the Tourist board links – they tend to show the wealthiest parts of the country! Use Wikepedia (!) as a base for further research Try Flickr for amazing inspirational images (cut/paste & crop)

Homework Complete your research on your one country.

HDI – Human Development Index Do you know the three components of HDI and can you interpret HDI data. Do you know a definition of Purchasing Power Parities (PPP) Next lesson we will aim to understand the advantages and limitations of HDI in making comparisons of living standards between countries.

Interpret and use other measures of development. For example: the percentage of adult male labour in agriculture combined primary and secondary school enrolment figures access to clean water; energy consumption per capita access to mobile phones per thousand of the population.