Friday, December 27, 2019

Human Development Index to Measure Living Standards Within...

INTRODUCTION Through the ages, economists worldwide have developed different measurements, statistics and standards in order to have an anchor number on how to rate whether they be the development, their perceived inequality among other variables within a country. Because of this, and on the endeavour to unify the measurement of the current situation of a country, the United Nations via the ‘United Nations Development Program’ in 1990 developed and first published their ‘Annual Human Development Report’ featuring for the very first time in history the ‘Human Development Index’ (Stanton, 2007). According to the United Nations (UN), Human Development is the process by which society can improve the living conditions of its citizens through†¦show more content†¦Naturally the UN has addressed these claims and has improved the index within the years, but there is always space for improvement. The HDI had withstood several critics regarding the poor quality of the data used in the calculations, regarding the selection of indicators and even on the calculations and the formulation itself; nevertheless, the United Nations Development Programme (UNDP) rebutted some of those claims and used others to improve the HDI calculations. (Stanton, 2007). The HDI, with or without flaws, has up to some extent shaped the way we assess and compare countries. Thanks to the HDI, the development is implied when talking about wellbeing instead of only looking at raw numerical information. Hopefully in the future, the Index shall be improved even more, to finally have a definitive Index on development worldwide. In the year 2000, the UN established eight ‘international development goals’ regarding: poverty, education, gender equality, child mortality, maternal health, HIV and other diseases, environmental sustainability and global partnership. (Nations, n.d.). 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