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Exam (elaborations)

ECS3707 - Development Economics-Assignment 1(2023)

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This assignment aims to analyse various aspects of human development and their implications for countries across the world. It will discuss the differences between the new and traditional Human Development Index (HDI), define GNI per capita, and explain the concept of purchasing power parity. Additionally, it will differentiate between life expectancy at birth and expected years of schooling, compare and contrast countries based on their HDI values, and discuss the importance of education in achieving the Sustainable Development Goal (SDG) of education. Furthermore, the assignment will explore the new theory of economic development in contrast to public choice theory and the neoclassical counterrevolution, classify countries according to the World Bank's conventional country classifications, and examine GNI per capita in relation to the Gini coefficient and the total poverty gap. Lastly, it will define and discuss the relevance of the Multi-dimensional Poverty Index (MPI).

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Uploaded on
April 6, 2023
Number of pages
7
Written in
2022/2023
Type
Exam (elaborations)
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For further assistance please consult Brilliant Tutorials at 0691643262

ECS3707 - Development Economics

, For further assistance please consult Brilliant Tutorials at 0691643262




Table of Contents
Introduction............................................................................................................................. 3

a) Difference between the new Human Development Index and the traditional Human
Development Index................................................................................................................. 3

b) Definition GNI per capita....................................................................................................3

c) Application of purchasing power parity...............................................................................3

d) Difference between life expectancy at birth and expected years of schooling....................4

e) A country comparison and contrast the selection of countries according to their HDI value
and the contributary variable indicators..................................................................................4

f) Why education is important for striving to achieve the SDG of education............................4

g) The new theory of economic development in contrast to public choice theory and the
neoclassical counterrevolution when analysing HDI values....................................................4

h) the World Bank’s conventional country classifications........................................................5

i) GNI per capita in relation to the Gini coefficient and the total poverty gap...........................5

j) The relevance of the Multi-dimensional Poverty Index (MPI)...............................................5

Conclusion.............................................................................................................................. 5

List of references.................................................................................................................... 6

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