What is development?.

Slides:



Advertisements
Similar presentations
The Human Development Index
Advertisements

Chapter 2: QUALITY OF HUMAN LIFE
WARM-UP What is an index? An index is a composite of indicators that produces a single calculation which can then be ranked.
4.2 Measuring Development
Human Development Index HDI
what do we mean by economic development
Economic Development & Economic Growth
World Geography 3202 Development Indicators. Gross National Product (GNP) GNP- Refers to the total value of all goods and services produced by a country.
Economics, Institutions, and Development: A Global Perspective
HDI and its neglect in Pakistan
Development Ch 9.1.
Macroeconomic Measurement: Environmental and Social Dimensions
Which has the higher child mortality?
Critical Literature Review of the Human Development Indices Prepared for UNDP Practicum in International Affairs May 2009 Semra Hailelul Alula Alex Iyasu.
WHAT IS DEVELOPMENT? Development Economics.
Progress report Svetlana Kroitor August, 2011 Pushkin
Measuring Development
New Human Development Measures DOHA, 9-11 May, 2011 HDR 2010.
1 © 2011 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license.
How can we measure development? LO: I can categorize different indicators of development I am able to assess how effective these indicators are.
Economic Development of Asia Introduction and Overview
Development Economics Semester VI - ECON /12/20152 What is development economics? Development economics is a branch of economics which deals with.
Impact of Information Society on the Sustainable Development: Global and Regional Aspects Prof. M. Zgurovsky, National Technical University of Ukraine.
Lecture 2 Comparative Economic Development Copyright © 2009 Pearson Addison-Wesley. All rights reserved. 2-1.
Measuring Social and Economic Development A Look at the Human Development Index (HDI)
DEVELOPMENT Development implies progress. In today’s world, this implies progress is being made in technology, production, and socioeconomic welfare (quality.
World Happiness Index NEGARA MANA YANG PALING HAPPY SEDUNIA? SUMBER :
GCSE Economics Unit 12b: Development EQ: What is economic development and how can we measure it?
Standard of Living vs. Quality of Life Disparity between the Nations of the World.
Measuring Development. The level of economic development cannot be reflected in any single measure. The level of economic development cannot be reflected.
Economics, Institutions, and Development: A Global Perspective
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.
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?
THE TRUE WEALTH OF NATIONS Howard Yin. CRITERIA USED  GDP  GINI COEFFICIENT  BIG MAC INDEX  ECONOMIC FREEDOM INDEX  HUMAN DEVELOPMENT INDEX  INCLUSIVE.
2016 Global Manufacturing Competitiveness Index. 2Deloitte and US Council on Competitiveness I 2016 Global Manufacturing Competitiveness IndexCopyright.
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.
Growth, Development + Macro Issues in _____________ Key Macro Data Latest annualised GDP Growth (%) GDP or GNI per capita (US $, PPP) Inflation (%) Unemployment.
Globalization and the Domestic Economy Nichole Benson Miranda Campbell-Magaña Charlie Gipson Murtaza Sharifi.
HUMAN DEVELOPMENT INDEX HDI Report 2014 IB ECONOMICS.
Introduction to the Economics of Developing Countries - ECO Fernanda Estevan Department of Economics ECO 2117 Class 1Development defined1.
HUMAN DEVELOPMENT INDEX
Development and Development Indicators Koichi Fujita Professor CSEAS, Kyoto University, Japan.
CHAPTER 2 QUALITY OF HUMAN LIFE. INDEX SR. NO. PARTICULARS 1INTRODUCTION 2P.Q.L.I. 3ADVANTAGES AND LIMITATIONS OF P.Q.L.I. 4HUMAN DEVELOPMENT 5H.D.I.
Growing Economies 4.1 Globalisation.
Outlines: Basic concepts
WHAT IS A COMPOSITE INDEX?
Watch THIS! Do you agree?.
Human Development Index
Life expectancy Rank Country Life expectancy 1 Japan India
Globalisation…. What is globalisation? Definition of globalisation ‘The ability to produce any goods (or service) anywhere in the world, using raw.
Poverty trap/Poverty cyle
World Happiness Index Negara mana yang paling happy sedunia?
Development Vocab.
Economic Exports.
Development Indicators
Gender and Development
Part Six: Public Policy
Locations where Black Panther was released in the theaters in 2018.
4.2 Measuring Development
Part Six: Public Policy
Explaining the development indicators
Gender inequality The unequal treatment of individuals based on their gender where by men or usually women are denied the same rights and opportunities.
levels of economic development Notes
National Income and Economic Growth
Development Ch 9.1.
Defining Development.
© 2015 by McGraw-Hill Ryerson Ltd.
Model and Hypothesis Table Explanation of Variables
Economics, Institutions, and Development: A Global Perspective
Presentation transcript:

What is development?

Development: An increase in overall income (GDP, GNI) Distribution of freedom within society Improvements in overall well-being Lasting, long-term socioeconomic change Sustainable environmental change Complex, complicated adaptive system Global interactions & partnerships Development:

Single Indicators: TFR - CBR - CDR - Doctors/capita - MR - Internet - Connectivity We can measure development through single index indicators which take into account particular components or aspects of development…

Composite Indexes: Human Development Index Social Progress Index Gender Inequality Index HOWEVER, a better measure of development usually takes multiple indicators into account, recognizing that ‘development’ is a complex phenomenon. These indicators are called composite indexes and measure development over time.

HDI First established by economist Mahbub ul Haq Expanded by famous Amartya Sen

Human Development Index Which 3 indicators would you choose to develop a composite about development? Like the Gender Inequality Index, the HDI is a composite measure of development. It is measured through Life Expectancy Education Index (mean years of schooling + expected years of schooling = index) Per Capita Income (GDP per capita)

HDI ranks countries into four tiers (levels) of development Are people in countries able to ‘be’ and ‘do’ what they wish? Very high human development Norway, Australia, Ireland, Singapore, Germany High human development Brazil, Mexico, Romania, Panama, Malaysia Medium human development Botswana, Vietnam, Uzbekistan, Philippines Low human development Pakistan, Nigeria, Yemen, Tanzania, Rwanda