Category: Human Development Index

When we are speaking of whether a country is well developed or not, Human Development Index (HDI) is always be mentioned while Human Poverty Index (HPI) rarely appears in papers. As a matter of fact, this two indexes should be measured together but not separately. Usually, countries with relatively higher poverty level tend to have…

Human well-being is the identification and recognition that everyone and anyone in this world should have regardless of their gender, culture, age, the environment they are living in, or religion. It is measured based on facts and data that has been collected throughout people’s lives. Human Development Index (HDI) is data that has been collected…

Some say that entrepreneurship is getting more incorporated into the countries economies, yet it is considered crucial for economic development. It is worth emphasizing at an early stage, that Private in private equity shows no relation to the secretion, but in fact, private equity defined by John Gilligan and Mike Wright in their book Private…

Most important dimensions of development The most familiar dimensions of development are Economic Development, Social Development, Political development, and Environmental Development. But according to me, the most important ones are Economic Development and Social Development. Economic Development Economic growth is a subset of economic development. In simplest terms, economic growth refers to an increase in…

Australia, Developed or not? Australia is a developing country due to its economy, its citizens lifestyles and its ratings in the human development index. In 2017 Australia exported 243 billion dollars in goods, to China, Japan, South Korea, India, Hong Kong and More(1). Australia also imported 199 billion dollars in goods from the United States…

Gross Domestic Product (GDP), as defined by Callen (2017) is a quantitative measure of a countrys economic production in a period of a year. Information of how a country is performing economically can be found through the calculation of its GDP as it is achieved by measuring the value of the final goods and services,…

Unemployment Rate: the unemployment rate is defined as the percentage of individuals that are not willing or are not able to participate in paid work for a variety of reasons. This is calculated using a method where the number of unemployed individuals is divided by the number of people in the labor force. This percentage…