Measures of development

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…