Question

why is it necessary to measure in HDi I of the country all over the world​

Answer 1

Answer:

The HDI was created to emphasize that people and their capabilities should be the ultimate criteria for assessing the development of a country, not economic growth alone. The HDI can also be used to question national policy choices, asking how two countries with the same level of GNI per capita can end up with different human development outcomes. These contrasts can stimulate debate about government policy priorities.

The Human Development Index (HDI) is a summary measure of average achievement in key dimensions of human development: a long and healthy life, being knowledgeable and have a decent standard of living. The HDI is the geometric mean of normalized indices for each of the three dimensions.

The health dimension is assessed by life expectancy at birth, the education dimension is measured by mean of years of schooling for adults aged 25 years and more and expected years of schooling for children of school entering age. The standard of living dimension is measured by gross national income per capita. The HDI uses the logarithm of income, to reflect the diminishing importance of income with increasing GNI. The scores for the three HDI dimension indices are then aggregated into a composite index using geometric mean. Refer to Technical notes for more details.

The HDI simplifies and captures only part of what human development entails. It does not reflect on inequalities, poverty, human security, empowerment, etc. The HDRO offers the other composite indices as broader proxy on some of the key issues of human development, inequality, gender disparity and poverty.

Answer 2

HEYA, BUDDY !!

: $\implies$ The importance of human development index is that it is an essential indicator of the overall socio-economic conditions of a nation and its residents. As a result, HDI acts a measuring tool that helps in gauging socio-economic conditions of nations every year and also keeps track of the same.

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• It is useful in measuring the overall development of a nation in both social and economic aspects. You have to, therefore, understand those factors that act as decisive instruments in determining such an index.

• It should also be noted that this index is released every year by a renowned authority called UNDP or the United Nations Development Programme. This authority conducts multiple surveys and case studies throughout the year and comes up with a specific rank for each country every year.

• As a result, HDI acts a measuring tool that helps in gauging socio-economic conditions of nations every year and also keeps track of the same.

• For more information on the human development index and how it is measured based on multiple parameters, you can look into our online learning programmes for an in-depth understanding. We have high-quality study materials drafted by our subject experts to facilitate you with top-class learning. So, without any further delay, avail our online courses and gain an extra edge over your exam preparation.