The Human Development Index Is a Better Measure of Economic Performance Than GDP Per Capita

First, longevity of people is very important in a prosperous economy, as economic growth depends on the health and capacity of people maintaining and managing the health of people (Costa, Steckel 1997, p. 47). For example, if the health of the majority of the population is very bad, the economic performance of the economy will slow down as the productivity and output of the population become too unhealthy (Costa, Steckel 1994, p. 33). Similarly, in this case, when people are concerned about their longevity and welfare, they ensure their health by using better income for better meals and health care, and health for these expenditures In order to take further measures. The merits are

Next, we use the Human Development Index (HDI) as a powerful measure of social prosperity. Previous research focused on the scale of economic performance such as per capita GDP growth rate and growth competitiveness index. Sen (1993) argues that human development is a process to expand capacity and choice. He encouraged the transition from mechanical indicators of economic progress to those closer to the indicators reflecting the happiness and freedom that people enjoy. Instead of focusing on productivity only, the Human Development Index considers education, health, and income. These three elements of HDI make it possible to test whether diversity has a selective effect on society and these effects can be overlooked only by a productivity measure.

American cultural diversity and its impact on human development Jason Van Alstine University of Indiana Kokomo

Human development index (HDI): Of course, per capita GDP and per capita GDP are necessary conditions to show economic power of each country and human income, but it is not enough to measure economic development and social welfare. In 1990, the United Nations Development Program (UNDP) first used the Human Development Index (HDI) to compare living standards of the country. The concept of national accounts calculation does not include calculating living standards of the countries that we are looking for, including factors such as environmental pollution, quality of life, social justice and other items such as goods and services that are not in the market. Three important points are required for human development index: average life expectancy, total enrollment number, and per capita GDP. (Subrata Gratak - 2003)