the Human Development Index versus GDP per capita

in 2008, the United Nations ranked Canada fourth on the Human Development Index (HDI)– a ranking of the “quality of life” in many countries. Yet in that year, Canada ranked only tenth in terms of real per capita GDP. The Human Development Index (HDI) is an internationally perceived proportion of financial prosperity. It is a composite record made out of three measurements: life expectancy, education and income. In the latest Human Development Report (HDR) delivered by the United Nations Development Program, life expectancy is estimated by life expectancy upon entering the world; education is estimated by normal educational accomplishment and anticipated long stretches of tutoring, and Gross National Income (GNI) per capita estimates income. Despite the fact that the HDI is in no way, shape or form a thorough proportion of human turn of events, it is a generous improvement over the standard income-based measurements. It just considers three components of monetary prosperity: education, life expectancy and income. It does not consider other basic components of prosperity, for example, income imbalance, sexual orientation disparity, grimness, political opportunity, common freedoms, debasement, contamination, or monetary security. Majority of companies uses GDP to measure standard of living. Economists, policymakers, international development agencies and even the media use it as an indicator of the economic health of a nation.” (Metcalfe, L. 2014) HDI takes into consideration the GDP that is measured as well as other factors. The two rankings can be different because if you go only off GDP to measure the standard of living this is more frequently used and all of the data is available. The higher the GDP the higher the total economic activity taking place in those countries. This does not mean that everyone from these countries are better than everyone else in other countries. This is not a bad thing, as it means, we may not be producing as much export material (oil, trees etc.) as other countries. Nevertheless, you can also look at it, as this is a good thing as we are keeping more of our natural resources in our country and not destroying the forests by cutting down more trees than we have or can produce. We hear from many other countries when travelling how much they love Canada and Canadians and to be a part of a country that is thought of so highly makes living here that more enjoyable. The main problem is not the validity of the factors but the method of measurement that will yield reliable information. GDP offers the most convenient and reliable calculation compared to the HDI elements. Well-being can be measured directly in a variety of ways. Students often suggest these: Health care Security Freedom of choice Food Education These are certainly better measures than money income, but they can be difficult to collect and interpret. While per capita GDP does not directly measure well-being like the HDI elements do, in what ways do these direct measures list above still correlate with (or relate to) per capita GDP?

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