Question

5. The United Nations Human Development Index (HDI) uses information about a country’s life expectancy at birth (health), expected years of schooling and mean years of schooling (education), and Gross National Income per capita (standard of living) to create a measure that ranges from 1 (very high) to 0 (very low). For 2017, the United States had a value of 0.924, compared to 0.926 for Canada and 0.922 for the United Kingdom – very similar values, although not the highest of all countries.

Suppose a developing country (such as Eritrea with a value of 0.440 or Haiti with a value of 0.498) asks for your advice on which country it should try to emulate in order to increase its level of development and economic growth. Which of the three countries above would you choose? Explain what additional information about each country would be important to making this assessment.

Answer 1

Solution:

HDI Human development Index a statistic composite Index of life expectancy, education , percapita income etc.used to rank the countries.

As per the given analysis 2017 United states value of 0.924,Canada 0.926 , and United Kingdom 0.922.

Developing Nations Eritrea has 0.440 and Haiti has value of 0.498

According to the available information regarding the united states the life expectancy rate more than 78 years , number of schooling yeats 16, and the percapita income 56,140(ppp)

cannada life expectancy rate v 82.3 , education 16 years of schooling , Percapita income 43,602(ppp)

United Kingdom life expectancy 81.2 , Schooling 17.4 , Percapita 39,507 (ppp)

The above given economies are developed Nations standing in the top ranks of HDI Index .

Ertria

Life expectancy 65.9

schooling 5.0

percapita 1708

according to the 2018 availble data

Haiti

Life expectancy 63,17

schooling 9.5

Percapita 1,665

Thus, the available data revealing the picture of the nations that developing ,

Thus,emulating any of the developing Nations might not be the right solution of the increasing the HDI rank.

Inorder to adopt the stratgy that the developing nations following there is vast variation the features of the developed nations and to the developing nations .

the demographic or population of the economy

the availability of resources

exploitation of the available resources

capital formation

employbility

gross domestic productivity of the nation

Bop account and trade

industrial and agriculture of the nation

all together infuence the HDI Nation

thus, while if it is to choose among the above given nations to adopt the stratgy of one of the developrd nations , there we need to match the atleast few of the given.

the geographical limits Culture and living conditions to influence,

Eritria a eastrian African country it was under british administration till world war two thus the influence of the british rule will be there in roots of the country . Thus, it is better to emulate the United Kingdom, to strenthen the Nation.

Haiti located in Hispaniola ,Archipalogo of carabiansea,as this is also related with island and the histry reveiling lots of facts rule over various nations on Haiti, but all the information abouth this deviloping nation put together , it is being sugessted to emulate the United Nations.

As the developing nations differ developed nations even if they want to fallow the developing economies for the implimantation of policies and stratagies capital resources should support .

The development at every level is possible onl;y with strong administration with deep knowledge on the political, economical and physical existance of the Economy.

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