Human Development Report Indicators now exist to measure elusive characteristics such as democratic governance; voice and accountability; rule of law; civil and political rights; sustainability and natural resource consumption; and business climate. Many researchers and policymakers now agree that economic wealth as traditionally measured does not capture progress; that a focus on income alone ignores other essential issues; and that new and more appropriate metrics are needed. The first breakthrough moment in this movement came in the early 1990s with the establishment and wide acceptance of the Human Development Index (HDI). The HDI attempts to give a single concrete number to the complex concept of development, as defined by the 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. The human capabilities approach views income as a means to realizing freedom, not as an ends in itself, so the focus is on all the aspects of human development.
Posted on: Tue, 13 Aug 2013 21:14:44 +0000
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