The social economic development index: a new measurement of development
The human development index (HDI) is published annually by the United Nations Development Program and has played an influential role in the debate on human development for many years. However, it has been widely argued for several reasons that the HDI contains several weaknesses and is an inapprop...
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| Format: | Article |
| Language: | English |
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Penerbit Universiti Kebangsaan Malaysia
2012
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| Online Access: | http://journalarticle.ukm.my/6343/ http://journalarticle.ukm.my/6343/ http://journalarticle.ukm.my/6343/1/jeko_47-1.pdf |
| Summary: | The human development index (HDI) is published annually by the United Nations Development Program and has played
an influential role in the debate on human development for many years. However, it has been widely argued for several
reasons that the HDI contains several weaknesses and is an inappropriate mechanism by which to measure human
development. Additionally, the HDI does not take into account further important indicators, such as unemployment,
poverty and environment, alongside GDP per capita; expected years of schooling and mean years of schooling; and
life expectancy at birth. No index is perfect and the HDI of the UNDP reflects this fact. The present study proposes the
social economic development index (SEDI) as a new means to measure the development level of countries. The SEDI
uses more indicators than the three presently examined in the HDI. The study also suggests applying the development
status matrix (DSM), which assists in classifying countries into groups according to development status, specifically
focusing on the dynamic characteristics of underdeveloped countries. In conclusion, this study clearly demonstrates
the importance of utilizing the SEDI and the DSM to measure a country’s development. |
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