There are 3 measures of development that are you required to know.

Human Development Index (HDI) . This is made up of

Schooling - the mean years of schooling compared with the expected years of schooling
Life expectancy - minimum and maximum value of life expectancy
Standard of living - this is measured by GNI per capita as it takes into account inflation and remittances.

There are limitations to this though. For example, measuring the number of years of schooling does not take into account the quality of education, HDI does not take into account qualitative measures (E.g. human rights) and GNI per capita does not take into account inequality.

Gender inequality adjusted HDI - range that takes into account the extent to which women face inequality
Multinational Poverty Index (MPI) - possession of some assets, child mortality etc.

	Created by Hannah Nad almost 7 years ago

Slide Set on Developing and emerging economies, created by Hannah Nad on 12/06/2017.