Economy, asked by kabirsingh309, 8 months ago

Explain the benefits of HDI report published by UNDP over Report Published by world Bank on classification of countries on development.

Answers

Answered by skatiyar654
0

Explanation:

Foreword

The wave of demonstrations sweeping across

countries is a clear sign that, for all our progress, something in our globalized society is

not working.

Different triggers are bringing people onto

the streets: the cost of a train ticket, the price

of petrol, political demands for independence.

A connecting thread, though, is deep  and

rising frustration with inequalities.

Understanding how to address today’s disquiet requires looking “Beyond Income, Beyond

Averages and Beyond Today,” as this Human

Development Report sets out to do.

Too often, inequality is framed around economics, fed and measured by the notion that

making money is the most important thing in

life.

But societies are creaking under the strain of

this assumption, and while people may protest

to keep pennies in their pockets, power is the

protagonist of this story: the power of the

few; the powerlessness of many; and collective

power of the people to demand change.

Going beyond income will require tackling

entrenched interests—the social and political

norms embedded deep within a nation’s or a

group’s history and culture.

Looking beyond today, the 2019 Human

Development Report articulates the rise of a

new generation of inequalities.

Just as the gap in basic living standards is

narrowing, with an unprecedented number of

people in the world escaping poverty, hunger

and disease, the abilities people will need to

compete in the immediate future have evolved.

A new gap has opened, such as in tertiary

education and access to broadband—opportunities once considered luxuries that are now

considered critical to compete and belong,

particularly in a knowledge economy, where

an increasing number of young people are educated, connected and stuck with no ladder of

choices to move up.

At the same time, climate change, gender inequality and violent conflict continue to drive

and entrench basic and new inequalities alike.

As the Human Development Report sets out,

failure to address these systemic challenges will

further entrench inequalities and consolidate

the power and political dominance of the few.

What we are seeing today is the crest of a

wave of inequality. What happens next comes

down to choice. Just as inequality begins at

birth, defines the freedom and opportunities

of children, adults and elders, and permeates

those of the next generation, so, too, policies

to prevent inequalities can follow the lifecycle.

From pre–labour market investments in the

health and nutrition of young children to in–

and post–labour market investments around

access to capital, minimum wages and social

services, politicians and policymakers have a

battery of choices that, if correctly combined

for the context of each country or group, will

translate into a lifelong investment in equality

and sustainability.

Making those choices starts with a commitment to tackling the complexity of human

development—to pushing the boundaries to

help countries and communities realize the

Sustainable Development Goals.

This is the mission at the heart of the United

Nations Development Programme, working

together with the 170 countries and territories

we serve.

Some 40 years ago the founding father of

human development, Professor Amartya Sen,

asked a deceptively simple question: equality

of what? He answered with equal simplicity:

of the things we care about to build the future

we aspire to.

Professor Sen’s words help us to take a fresh

look; to go beyond growth and markets to

understand why people take to the streets in

protest, and what leaders can do about it.

I would like to thank all those who have taken

this journey of exploration with us over the past

please mark me as a BRAINLIST ♥♣♥♥♣♥♥♥♣♥♥♥♥♣

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