IDSA01H3 Chapter Notes - Chapter 2: Amartya Sen, Rachel Carson, Intergenerational Equity
22 Oct 2018
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Many researchers agree that economic wealth as traditionally measured does not capture progress - that focus on income alone ignores other essential issues and that new and more metrics are needed. First breakthrough moment in this movement came in early 1990"s with the establishment and wide acceptance of the human development index (hdi) Human development index -is a statistic composite index of life expectancy, education, and per capita income indicators, which are used to rank countries into four tiers of human development. A country scores a higher hdi when the lifespan is higher, the education level is higher, and the gdp per capita is higher. Hdi attempts to give a single concrete number to the complex concept of development de ned by economist amartya sen. This framework measures development not just in terms of income, but in terms of the ability of individuals to live free and meaningful lives.
