Development Indicators - 928 Words

TITTLE: An essay on development indicators describing the following indicators that may be used to explain levels of development within countries: (a). (b). (c). Gross National Product (GNP) Child (Under- five) Mortality Rate Human Development Index (HDI) TABLE OF CONTENTS 1. Introduction 2. Defining Development Indicators 3. Gross National Product 3.1 Advantages of GNP 3.2 Disadvantages of GNP 4. Child (under - Five) Mortality 4.1 Advantages of child (under-five) Mortality 4.2 Disadvantages of child (under-five) Mortality 5. Human Development Index 5.1 Advantages of HDI 5.2 Disadvantages of HDI 6. Most suitable Development Indicator 7. Conclusion 8. List of References 1 1 1 1 1 1 2 2 2 2 2 2 3 3 1. Introduction Progress or†¦show more content†¦HDI is used by UNDP to categories the world into high, medium and low development which is friendlier than categorizing the world into Third World / First World, ‘North/South’ Divide. 5.2 Disadvantages of HDI One limitation of HDI is that it does not show the internal inequalities in welfare within countries. Another limitation is that there is no automatic link between income and human development. 6. Most Suitable Development Indicator HDI is the most suitable indicator for explaining the levels of development within developing countries because it gives a better picture of levels of development in that it includes both social and economic aspects. It focuses on peoples quality of life.. It is a broad based view of development than measures of wealth. Life expectancy is a reflection of the well- being and health care within countries while education (literacy) gives more opportunity to people which are a key fac tor in poverty reduction. 2. 7. Conclusion. Gross National Product (GNP), child (under-five) Mortality Rate, and Human Development Index (HDI) are indicators that may be used to explain levels of development within countries especially developing countries. HDI however, embraces a broad based measure of development and as suxch I consider it the most suitable indicator to measure levels of development. LIST OF REFERENCES 1. Cornwell, L De Beer, F 2010 Only Study Guide for DVA1501. Pretoria. University of South Africa. 2. Mojapelo-Batka,Show MoreRelatedIndicators of of Progress and Development950 Words   |  4 Pagesprosperity were accepted as key indicators of progress and development till the first half of the twentieth century. This was a preoccupation of classical economists. But in present century there is a great conflict, which relates development with equality, growth without equitable distribution and prosperity alongside rising gender inequalities. None of which are natural but rather influenced by social and cultural factors. There is need to broaden the concept of development to encompass the overall well-beingRead More#8216;Hdi Is a Composite Index That Is a Far Better Representative Indicator of Economic Development Than Gnp Per Capita.#8217; Discuss1850 Words   |  8 PagesStudying development is essentially about measuring how developed one country is compared t o other countries or to the same country in the past. It is common knowledge that each country is aiming to be defined as developed. For us is to determine which measure is a better representative of how country is developed HDI or GNP per capita. Firstly, we will define what economic development is. Secondly we will compare Gross National Product and Gross Domestic Product. Thirdly, we will outline theRead MoreWhy the Range of Indicators Used to Measure Development Has Increased in Recent Years521 Words   |  3 PagesRange of Indicators Used to Measure Development Has Increased in Recent Years Essentially the ideology of development was based on a countries GNP this was down to Rostow’s Model; therefore the only indicator of development was a countries economy. The ideologies have changed and now there are a range of indicators that are used to classify a countries development such as social, demographic, hence including quality of life this gives the ideology of development a more multi Read MoreFerguson Enterprise: Macroeconomics Term Paper1379 Words   |  5 Pagespercent (+/-1.1%) from last month and were up 4.9 percent (+/-0.9%) from a year ago. Housing Starts, Building Permits : The Housing starts is also known as the New Residential Construction Report. 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