Sunday, May 31, 2015

Indicators of development

Gross Domestic product: The monetary value of all the finished goods and services produced within a country's borders in a specific time period, though GDP is usually calculated on an annual basis.

GDP is used as a measure to see how much money the companies that make the products make when people buy the product and seeing what their sales are like for them.
HDI is a tool used developed by the United Nations to measure and rank countries.

The PQLI is an attempt to measure the quality of life or wellbeing of a country
The value is the average of three statistics all equally weighed on a scale from 0 to 100.
Basic literacy rates
Infant mortality
Life expectancy    
Developed in the 1970s as one of a number of measures created due to the dissatisfaction with GDP as a single measure of development.

Indicator developed in Bhutan in the 1970s
The new HPI results show the extent to which 151 countries across the globe produce long, happy and sustainable lives for the people that live in them.

GNI Per Capita:Gross National Income (GNI) Per Capita
Gross = Total $
National = Country
Income = GDP plus income earned by that country from its businesses overseas, in the last year.
Per Capita = Per Person
Sustainability:Within the four pillars of sustainability, broad indicators of sustainability include:
Reduce poverty
Sufficient gainful employment
Higher education levels
Increase/enhance access to social services
Increase/enhance access to medical services
Recognize and support existing rural culture
Protect natural and historic heritage
Support and encourage the development and growth of local arts and artists
Support cultural diversity
Advance the library system

What is poverty
Health education low income conflict and lack necessities



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