The Four Factors in Measuring the Social and Economic Development of a Country Through Human Development Index (HDI)

Human Development Index or HDI provides us with a fairly accurate way of measuring both the social and economic development of a country. It is measured with four different factors. These factors are life expectancy, per capita gross national income, the average years of schooling people over the age of 25 have had, and the number of years of school that is expected.

When all these factors are combined it lets us accurately see what countries are developed and which countries are developing.

Life expectancy is the first factor they use to determine countries’ HDI. It is pretty much straightforward in what it means. It is the average amount of years a person is expected to live. Many things affect life expectancy. Health care, diseases, diet, and medicines all affect the average life expectancy people in a country have. I think that if less developed countries want to improve this factor, they need to first improve their economy and government.

Once they do this they can then work on public health care and find ways to cure and prevent diseases.

Per capita, gross national income is the second factor. This is the average amount of money that a person makes. Many factors affect this. Some of them include the types of jobs people have such as primary, secondary, and tertiary. Different types of jobs have different pay. Also, the economy of the country affects how much money people earn, and the economy is affected by the government. So how the country is governed affects the wealth of the people.

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To improve this factor I think that less developed countries need to set up a stable government and find ways to have a very productive economy. I think they also need to find ways to create more jobs.

The third factor is how many years of schooling people over the age of twenty-five have had, and this is pretty much straightforward. Some things that affect this factor are the amount of public education that is provided, the number of people that drop out, and things people can or can’t afford such as college. This affects the literacy rate, which is a factor taken into account for many other measurements. I think that as the expected years of schooling go up; the number of years people get will also go up. So I think developing countries need to improve their public education programs.

The last factor taken into account is how many years of schooling children are expected to have, which is also pretty straightforward. The amount of public education provided affects this factor. I think that in a lot of developing countries this factor is already improving because they are creating better education programs because education will help the whole country. I also think that this factor will just continue to improve because of the development of more countries and improvements in developed countries’ educational programs.

Human Development Index is the most accurate way to measure and compare the development of countries around the world. The maximum HDI a country can have is 1, which means it would be completely developed so it is virtually impossible to get a 1. The most developed country in the world is Norway with an HDI of .963. The least developed country is Sierra Leone with an HDI of .273. I believe that the world as a whole will always continue to improve, and eventually, every country will be considered developed.

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The Four Factors in Measuring the Social and Economic Development of a Country Through Human Development Index (HDI). (2022, Aug 18). Retrieved from https://paperap.com/the-four-factors-in-measuring-the-social-and-economic-development-of-a-country-through-human-development-index-hdi/

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