Development

Question 1

Define economic development

Question 2

Benefits of economic development

Answer 2

• increases access to life sustaining goods (food, shelter, water, clothing, etc.)
• higher incomes mean greater opportunities
• more freedom for individuals to make economic, social and political choices
• reduces poverty and inequality in a growing society

Development also includes cultural and human values as well as growth

Question 3

What is the main method used to measure development?

Answer 3

The UN’s HDI

Question 4

HDI values

Answer 4

• very high = 0.80 and above
• high = 0.70 to 0.799
• medium = 0.55 to 0.699
• low = below 0.55

Question 5

Positives of using HDI

Answer 5

• holistic
• simple
• useful for policy guidance
• good for global comparisons

Question 6

Negatives of using HDI

Answer 6

• doesn’t cover all elements of developmental progress
• data may not always be accurate
• by giving equal weighting to each element it may fail to allow for a country’s development priorities
• hides regions, income and educational inequalities

Question 7

Other measures of development

Answer 7

• Gini coefficient
• gender inequality index
• multidimensional poverty index
• environmental sustainability indicators
• human poverty index
• social progress index

Question 8

17 sustainable development goals

Answer 8

• no poverty
• zero hunger
• good health and wellbeing
• quality education
• gender equality
• clean water and sanitation
• affordable and clean energy
• decent work and economic growth
• industry, innovation and infrastructure
• reduced inequality
• sustainable cites and communities
• responsible consumption and production
• climate action
• life below water
• life on land
• peace, justice and strong institutions
• partnership for the goals

Designed to be universally applicable and are meant to be achieved by 2030
Serve as a framework for govs, organisations, businesses, and individuals to work collectively toward a more sustainable, equitable, and prosperous future for people and the planet.