Measures of development

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  • Created by: Lottie
  • Created on: 24-03-12 15:39

Measures of development: The human development index

  • Economic development - measures quality of growth
  • Human development index- uses GDP and non- GDP ecnomic and social indicators
  • Purchasing power parity-rate of conversion which allows people to buy a particular amount of goods/services for a particular amount of money
  • considers years in education, life expenctancy etc.

Asessing HDI

  • fairly reliable
  • uses easy to obtain information
  • it gives no indication


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