I would like to introduce everyone using this blog to focus on poverty, inequality and deprivation in the developing countries where human development is at most urgent. I would also like to put on solutions for under-development from an analytical vantage of the discipline of social choice.
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Tuesday, January 4, 2011
Inequality Adjusted Human Development
The Human Development Reports are in the forefront to advocate the expansion of
the choices and capabilities ensuring freedom in society. The concept and the
reach of human development is seen through empirical lens of partial index like
HDI. However the 2010 report has methodological departures in assessing well
being of a given society or the state of the economy. For example it takes note
of the fact a literacy criterion would well be captured by years of schooling
rather than mere knowledge to read and write like primary enrollment; the more
the schooling years captured by enrollment in longer hours of education, it
brings into direct focus the benefits of sustainable development by ensuring
effective participation. The longer the time horizon for human development, it
calls for value decomposition for each sub group, a fairly well advanced concept
in inequality measurement. The loss of Human Development then can be captured by
the extend of this inequality as illustrated in the technical notes of the
Human Development Report, 2010.
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