Course review

4.8 Measuring development

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Learning objective

4.8.1—Multidimensional development

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• Economic development is multidimensional and cannot be captured by income alone • Development includes living standards, health, education, inequality, energy use, and environmental outcomes

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Learning objective

4.8.2—Single development indicators

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• Single indicators include GDP or GNI per capita at PPP • Other indicators include health, education, inequality, energy, and environmental indicators

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Learning objective

4.8.3—Composite development indicators

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• Composite indicators include Human Development Index (HDI), Gender Inequality Index (GII), Inequality adjusted Human Development Index (IHDI), and Happy Planet Index • Composite measures combine multiple dimensions of development

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Learning objective

4.8.4—Evaluating development measures

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• Measurement approaches have strengths and limitations • Economic growth and economic development may be related but are not identical

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