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CP551 Sustainable Development (3 credits).
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CP551 Sustainable Development (3 credits) The concept of sustainable development does imply limits—not absolute limits but limitations imposed by the present state of technology and social organization on environmental resources and by the ability of the biosphere to absorb the effects of human activities. Source: Our Common Future (1987) 18 Jan 2008 R. Shanthini
Module 2: Concepts of economic development &human development. Economic development indices & their critique. Human development index & its critique. Discussion on sustainable development indices. 18 Jan 2008 R. Shanthini
Module 2: Concepts of economic development &human development. Economic development indices & their critique. Human development index & its critique. Discussion on sustainable development indices. 18 Jan 2008 R. Shanthini
Concepts of economic development & human development: What is economic development? Why do we need economic development? What is the cost of economic development? What is human development? Does economic development helphuman development? If yes, in which way? 18 Jan 2008 R. Shanthini
Module 2: Concepts of economic development & human development. Economic development indices & their critique. Human development index & its critique. Discussion on sustainable development indices. 18 Jan 2008 R. Shanthini
life free of avoidable morbidity well paid job low infant mortality stable job Economic development indices low inflation long life adequate housing adequate nutrition high GDP per capita care of the environment civil liberties good education level good income distribution free markets Source: Montenegro, A., An Economic Development Index, http://129.3.20.41/eps/dev/papers/0404/0404010.pdf 18 Jan 2008 R. Shanthini
life free of avoidable morbidity well paid job low infant mortality stable job Economic development indices low inflation long life adequate housing adequate nutrition high GDP per capita care of the environment civil liberties good education level good income distribution free markets measured by Gini Index Source: Montenegro, A., An Economic Development Index, http://129.3.20.41/eps/dev/papers/0404/0404010.pdf 18 Jan 2008 R. Shanthini
Gini Index is a measure of income distribution in a country Gini Index = 0 means absolute equality (GI = 25% for Sweden in 2000 GDP per capita = 32,525 PPP US$ in 2005) Gini Index = 100 means absolute inequality (GI = 40.8% for US in 2000 GDP per capita = 41,890 PPP US$ in 2005) Source: HDR2007/08, http://hdr.undp.org/en/statistics/data/ 18 Jan 2008 R. Shanthini
Source: HDR2007/08, http://hdr.undp.org/en/statistics/data/ 18 Jan 2008 R. Shanthini
Source: HDR2007/08, http://hdr.undp.org/en/statistics/data/ 18 Jan 2008 R. Shanthini
Source: HDR2007/08, http://hdr.undp.org/en/statistics/data/ 18 Jan 2008 R. Shanthini
Source: HDR2007/08, http://hdr.undp.org/en/statistics/data/ 18 Jan 2008 R. Shanthini
GDP per capita is an average measure, and it alone does not represent the economic status of an average citizen in a country Gini Index must be incorporated into GDP per capita to get a good idea of the economic status of an average citizen in a country 18 Jan 2008 R. Shanthini
How to do that? See Hicks, D. (1997) ‘The inequality-adjusted human development index: a constructive proposal.’ World Development 25: 1283-1298. 18 Jan 2008 R. Shanthini
What else could be done to improve the measure of economic development which could truly reflect the economical status of an average citizen? Why worry about only the economical status? 18 Jan 2008 R. Shanthini
life free of avoidable morbidity well paid job low infant mortality stable job What about all these? low inflation long life adequate housing adequate nutrition high GDP per capita care of the environment civil liberties good education level good income distribution free markets Source: Montenegro, A., An Economic Development Index, http://129.3.20.41/eps/dev/papers/0404/0404010.pdf 18 Jan 2008 R. Shanthini
Module 2: Concepts of economic development & human development. Economic development indices & their critique. Human development index & its critique. Discussion on sustainable development indices. 18 Jan 2008 R. Shanthini
Human development Indices: Level of Living Index (Drewnowski and Scott, 1966) includes nutrition, housing, health, education, environment, and others PQLI: Physical Quality of Life Index (Morris, 1970) includes infant mortality, literacy rates and life expectancy QLI: Quality of Life Index (Ferrans and Powers, 1980) includes health and functioning, psychological/spiritual domain, social and economic domain, and family) 18 Jan 2008 R. Shanthini
Human development Indices (continued): GNH: Gross National Happiness(Jigme Singye Wangchuck, 1972) GPI: Genuine Progress Indicator HDI: Human Development Index (UNDP, 1990) includes literacy rate, longevity, school enrolment and GDP per capita and much more…… 18 Jan 2008 R. Shanthini
Take a close look at Human Development Index (HDI) 18 Jan 2008 R. Shanthini