2. Human Development Index

3. 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

4. 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

5. 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.

6. 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

8. 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.

10. HDI Knowledge Literacy School enrolment

11. HDI Life Span Life expectancy

12. Child Mortality HDI Life Span Life expectancy &

13. 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 2006. … 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

14. picture by Kevin Carter, winner of the 1994 Pulitzer Prize

15. 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!

16. 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

17. HDI latest statistics - 2012 http://hdr.undp.org/en/statistics/

18. 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)

19. Homework Complete your research on your one country.

20. 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.

21. 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.