1. Recent news reports blame the slump of the global economy primarily on the fall of the price of petroleum and the unexpected decline of the Chinese economy. China has the second-largest economy but a recent downturn is sending a ripple effect across the world (see: http://www.telegraph.co.uk/news/worldnews/asia/china/12107990/Why-China-threatens-the-world-economy-in-90-seconds.html).
In an increasingly globalized world, where countries are becoming more reliant on each other, what role, if any, should International Bodies such as the World Trade Organization or other governments play in ameliorating a country's economic downturn?
2. While the United Nations encourages economic prosperity, it points that that a flourishing economy should be in and of itself the goal of any particular economy. The Human Development Index (HDI) was created to emphasize that expanding human choices should be the ultimate criteria for assessing development results. (see: http://hdr.undp.org/en/faq-page/human-development-index-hdi#t292n36http://hdr.undp.org/en/faq-page/human-development-index-hdi). The report
The HDI is broken into three criteria: Long and Healthy Life, Knowledge, and a decent standard of living (see: http://hdr.undp.org/en/content/human-development-index-hdi).
Which criteria do you think are most important? Please explain your answer.
1. Recent news reports blame the slump of the global economy primarily on the fall of the price of petroleum and the unexpected decline of the Chinese economy. China has the second-largest economy but a recent downturn is sending a ripple effect across the world (see: http://www.telegraph.co.uk/news/worldnews/asia/china/12107990/Why-China-threatens-the-world-economy-in-90-seconds.html).
In an increasingly globalized world, where countries are becoming more reliant on each other, what role, if any, should International Bodies such as the World Trade Organization or other governments play in ameliorating a country's economic downturn?
2. While the United Nations encourages economic prosperity, it points that that a flourishing economy should be in and of itself the goal of any particular economy. The Human Development Index (HDI) was created to emphasize that expanding human choices should be the ultimate criteria for assessing development results. (see: http://hdr.undp.org/en/faq-page/human-development-index-hdi#t292n36http://hdr.undp.org/en/faq-page/human-development-index-hdi). The report
The HDI is broken into three criteria: Long and Healthy Life, Knowledge, and a decent standard of living (see: http://hdr.undp.org/en/content/human-development-index-hdi).
Which criteria do you think are most important? Please explain your answer.
