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Exploring Measures of Global Development: Income, Quality of Life, and Inequality

Dive into the world of development economics by examining GNP, PQLI, HDI, and inequality metrics. Discover different income categories, analyze qualitative elements, and explore major policy statements by the World Bank and United Nations.

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Exploring Measures of Global Development: Income, Quality of Life, and Inequality

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  1. Today’s Class • Paper/project assignment • Choose countries at break • Finish Introduction • Exploring Measures of Development

  2. Measuring Development • GNP: Gross National Product • WB Categories • low income, $735 or less; 64 countries • lower middle income, $736 - $2,935; 54 countries • upper middle income, $2,936 - $9,075; 34 countries • high income, $9,076 or more; 56 countries • PQLI: Physical Quality of Life Index (1-100) • HDI: Human Development Index (0-1)HD Reports • HDI list -HDI animation • GAME • What are these missing?

  3. Other measures? • Inequality (see next slide) • Lorenz Curve (red line) shows the divergence from perfect equality (the green line). • Gini Coefficient: A/A+B • World Bank Inequality data • WB Inequality Home

  4. Lorenz Curve/Gini Coefficient

  5. Qualitative elements of development? • EqualityEmpowermentParticipationHuman Rights/Social JusticeOthers??

  6. Recent Major Policy Statements • World Development Reports link • Millennium Development Goals (link) • Millennium Declaration:(link)

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