Question

Write three important issues of HDI

Answer 1

A VERY WELL WISHES TO YOU FRIEND

HERE'S YOUR ANSWER FRIEND

Answer 2

Hey Mate !

Problems with the HDI

→Human development can be devilishly hard to measure. The HDI considers changes in three domains: economics, education, and health. (One alternative to the HDI, the Social Progress Index, combines data on 54 domains.)

→In our view, the HDI has three main problems. First, it implicitly assumes trade-offs between its components. For example, the HDI measures health using life expectancy at birth and measures economic conditions using GDP per capita. So the same HDI score can be achieved with different combinations of the two.

→As a result, the HDI implies a value of an additional year of life in terms of economic output. This value differs according to a country’s level of GDP per capita. Dig into the HDI and you will find whether it assumes an additional year of life is worth more in the US or Canada, more in Germany or France, and more in Norway or Niger.

→The HDI also struggles with the accuracy and meaningfulness of the underlying data. Average income could be high in a country, but what if most of it goes to a small elite? The HDI does not distinguish between countries with the same GDP per capita, but different levels of income inequality or between countries based on the quality of education. By focusing on averages, the HDI can obscure important differences in human development. Incorporating inaccurate or incomplete data in an index reduces its usefulness.

→Finally, data on different domains may be highly correlated. For example, the GDP per capita and the average level of education in countries are strongly related. Including two highly correlated indicators may provide little additional information compared to just using one.

Hope It Helps U !