Tag Archives | Economic Development

Human Development Index (HDI): Indicators & Shortcomings | Economics

In this article we will discuss about:- 1. Introduction to Human Development Index 2. Indicators of Human Development Index 3. Shortcomings and Critique. Introduction to Human Development Index (HDI): Growth in national income (GNP) or per capita income considered above as indicator of economic growth does not represent a true and adequate measure of welfare and economic development of the [...]

By |2018-03-02T14:40:22+05:30March 2, 2018|HDI|Comments Off on Human Development Index (HDI): Indicators & Shortcomings | Economics

Developed and Developing Countries: World Bank Classification | Economics

Despite shortcomings of per capita income as a measure of development, the World Bank, International Monetary Fund (IMF) and other international agencies consider developed and developing countries in terms of Gross National Income (GNI) per capita. The World Bank classifies different countries of the world on the basis GNI per capita representing their development status. The figures of GNI per [...]

By |2018-03-02T14:40:22+05:30March 2, 2018|Economic Development|Comments Off on Developed and Developing Countries: World Bank Classification | Economics

Imbalance between Capital and Population | Economics

The first and foremost economic explanation of underdevelopment or the existence of mass unemployment and poverty of today's developing countries is that in them there has come about a serious imbalance between population and productive resources, especially the stock of capital. This imbalance between resources and population has manifested itself not only in low per capita income and poverty but [...]

By |2018-03-02T14:40:22+05:30March 2, 2018|Capital|Comments Off on Imbalance between Capital and Population | Economics
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