‘HDI is a composite index that is a far better representative indicator of economic development than GNP per capita.’ Discuss

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Issue:

Business

 

Written by:

Kristen M

 

Date added:

March 7, 2011

 

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B

 

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7 / 1716

 

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Cypher and J.L. Dietz) defines two different ways of measuring economic growth and development. First is the income per person/economic growth (GNP/GDP) and second which describes development as a “complex, multi-faced notion” and that it should be captured by broader means than income like for example HDI...
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First is the income per person/economic growth (GNP/GDP) and second which describes development as a “complex, multi-faced notion” and that it should be captured by broader means than income like for example HDI. Others differ the ways of measuring development by dividing it to economic development and human development...
displayed 300 characters

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