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Measuring human development

Development can have different meanings, and there are also many different ways of measuring it.

A well-known one is called the Human Development Index which consists of three variables; education, life expectancy and some measure of an average income. With these variables, we can track the progress or the lack thereof made by different countries.

Most countries in Western Europe have high levels of human development. Poorer countries, mainly in Africa, have very low levels of human development.

These variables will be discussed in the next step.

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This article is from the free online course:

Futurism and Business: Dealing with Complexity

University of Stellenbosch Business School Executive Development

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