Question

Good evening!!

I wanted to ask:

Q. What is Human Development index (HDI)? Name it's variable.

Please answer in brief

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(Words limit: 70-80 or more)

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Answer 1

heya,

the human development index (HDI) is a composite statistics of life expectancy, education, and per capita income indicators, which are used to rank countries into four tears of human development. A country scores HDI when the lifespan is higher, the education level is higher, and the GDP percapita is higher.
The HDI was developed by Pakistani economist Mahboob ul haq working alongside Indian economist Amartya sen.


The 2010 human development report introduced an inequality adjustment human development index ( IHDI) , while the simple hdi remains useful, it started that the IHDI is the actual level of human development ( accounting for inequality) , and tha hdi can viewed as an index of potential human development ( or the maximum IHDI that could be achieved if there were no inequality) .

the human development combines three dimensions :-

* A long and healthy life : life expectancy at birth

* Education index : mean yrs of schooling and expected yrs of schooling

* A decent standard of living : per capita purchasing power parity ( PPP)

Answer 2

The origins of the HDI are found in the annual Human Development Reports produced by the Human Development Reports Office of the United Nations Development Programme (UNDP). These were devised and launched by Pakistani economist Mahbub ul Haq in 1990, and had the explicit purpose "to shift the focus of development economics from national income accounting to people-centered policies". To produce the Human Development Reports, Mahbub ul Haq formed a group of development economists including Paul Streeten, Frances Stewart, Gustav Ranis, Keith Griffin, Sudhir Anand, and Meghnad Desai. Nobel laureate Amartya Sen utilized Haq's work in his own work on human capabilities.[4] Haq believed that a simple composite measure of human development was needed to convince the public, academics, and politicians that they can and should evaluate development not only by economic advances but also improvements in human well-being.