Comparison of well

Human development index (HDI) is used by organizations to estimate and rank economic status of countries based on certain criteria. The key components of life expectancy are income, education and life expectancy (Nagel 2). In this paper, the HDI for three countries, these are, India, Pakistan, and Bangladesh will be compared.Advertising We will write a custom case study sample on Comparison of well-being of countries specifically for you for only $16.05 $11/page Learn More Based on the first criterion, that is, life expectancy at birth, Bangladesh had the highest value at 68.9 years while India and Pakistan had a tie at 65.4 years. The values indicate that Bangladesh has a better health care system than the other two countries. Based on the second criterion, Pakistan had the highest mean years of schooling at 4.9 years, followed by Bangladesh at 4.8 years and India at 4.4 years. The values show that the citizens of Pakistan spend more years in school tha n the other two countries. The third criterion is the expected years of schooling. Based on this measure, India reported the highest value at 10.3 years, followed by Bangladesh at 8.1 years and Pakistan with 6.9 years. Thus, when analyzing the first three components of the HDI, it can be observed that there is a small margin between the three countries. The final component is the GNI (gross national income) per capita. India had the highest GNI per capita estimated at $3,468, followed by Pakistan at $2,550 while Bangladesh had $1,529. The ratio shows that the citizens of India have a higher standard of living than the other countries. When all the four components are put together, India had the highest HDI at 0.547, followed by Pakistan at 0.504 while Bangladesh had 0.500 (The United Nations Development Programme 23). Thus, based on HDI India has a better well-being than the other countries. Trend of HDI between 1980 and 2011 The graph presented below shows the trend of HDI of the t hree countries between 1980 and 2011.Advertising Looking for case study on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More In the graph, it can be observed that Pakistan had the highest HDI in 1980. Over time, the HDI of India grew and surpassed that of Pakistan. Bangladesh had the least HDI in 1980. Over the years, the HDI of Bangladesh increased and it is closing in on the HDI for Pakistan. Thus, it can be noted that India and Bangladesh have reported a tremendous increase in HDI since 1980. Other social indicators There are a number of other social indicators that can be used to compare the well-being of these countries. The first indicator is the percentage of population living with less than $1.25 a day. Pakistan had the least percentage of population at 22.6%, followed by India at 41.6% and Bangladesh at 49.6%. Thus, the poverty level is low in Pakistan and high in Bangladesh. Secondly, the adult literacy rate is h igh in India at 62.8%, followed by Bangladesh at 55.9% and Pakistan at 55.5%. Thus, the level of education is high in India and low in Pakistan. Thirdly, the under-five mortality rate is low in Bangladesh at 52 per 1000 live births, followed by India at 66 while Pakistan had 87. The values indicate that Bangladesh provides better health care for infants than the other countries. Finally, the public expenditure on education and total expenditure on health measured as a percentage of GDP were high in India followed by Bangladesh and Pakistan.Advertising We will write a custom case study sample on Comparison of well-being of countries specifically for you for only $16.05 $11/page Learn More In summary, the above indicators show that India would rank first based on the overall well-being followed by Pakistan and Bangladesh. This ranking is based on the knowledge that India has the highest HDI while Bangladesh has the least HDI. Works Cited Nagel, Robert. Hu man Development Index – An Elaborate Means of Evaluating a Country’s HD, Munich, Germany: GRIN Verlag, 2007. Print. The United Nations Development Programme 2011, Human Development Report 2011. PDF file. 21 Jan. 2014. https://www.undp.org/content/dam/undp/library/corporate/HDR/2011%20Global%20HDR/English/HDR_2011_EN_Complete.pdf. This case study on Comparison of well-being of countries was written and submitted by user Lilly Cunningham to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.

Free Essays on Discuss The Impact Of The Asian Financial Crisis Of 1997 On An Asian Country

Introduction Thesis: The Financial crisis that hit Hong Kong in July 1997 had significant economic impacts. Hong Kong has suffered severe problems, for example, impact on retail and banking sectors, negative economic growth, housing market, etc. Body 1. The impact on housing market 1a. High interest rates contribute to the recession Hong Kong is suffering, by raising the cost of expanding a business or buying an apartment with borrowed money. (Varona, 1998) 1b. The house prices have declined significantly since the outbreak of the Asian Financial Crisis. (Yse and Webb, 2004) 2. The disadvantage of currency board system 2a. The stable Hong Kong dollar value has further hurt economy. (Leung, 2004) 2b. Following two years of painful economic adjustment, Hong Kong is still struggling with deflation due to the depressed housing sector. (HSBC, 2000) 3. Impact on retail sector 3a. At least 10 companies have collapsed from June 1997 to May 1998. (Varona, 1998) 4. Impact on unemployment and income 4a. The unemployment rate for October inched up to nearly 3 percent and was expected to climb. (Yi, 1997) 4b. The income down around 7% since the outbreak of Financial Crisis. (Son, 2003) 5. Impact on banking sector 5a. The reasons for the backing sector various, for example, the risk in interest rates, reduced availability of funding to be borrowed in the market, etc. (Carse, 1998) 5b. The customers deposits has slowed down in line with the recession economy. (Carse, 1998) 6. The economy recovery 6a. People believe that the benefits arising from the Closer Economic Partnership Arrangement (CEPA) between Hong Kong and the China. (Caplan, 2004) 6b. Robust economic growth in the past months has given Hong Kong bright prospects for economic recovery. (Mao, 2004) 7. Lingering problem Despite some people say that the worst is over for the Asian Financial crisis, other predict that the worst is yet to come in Hong Kong. (Tse and Yip, 2... Free Essays on Discuss The Impact Of The Asian Financial Crisis Of 1997 On An Asian Country Free Essays on Discuss The Impact Of The Asian Financial Crisis Of 1997 On An Asian Country Introduction Thesis: The Financial crisis that hit Hong Kong in July 1997 had significant economic impacts. Hong Kong has suffered severe problems, for example, impact on retail and banking sectors, negative economic growth, housing market, etc. Body 1. The impact on housing market 1a. High interest rates contribute to the recession Hong Kong is suffering, by raising the cost of expanding a business or buying an apartment with borrowed money. (Varona, 1998) 1b. The house prices have declined significantly since the outbreak of the Asian Financial Crisis. (Yse and Webb, 2004) 2. The disadvantage of currency board system 2a. The stable Hong Kong dollar value has further hurt economy. (Leung, 2004) 2b. Following two years of painful economic adjustment, Hong Kong is still struggling with deflation due to the depressed housing sector. (HSBC, 2000) 3. Impact on retail sector 3a. At least 10 companies have collapsed from June 1997 to May 1998. (Varona, 1998) 4. Impact on unemployment and income 4a. The unemployment rate for October inched up to nearly 3 percent and was expected to climb. (Yi, 1997) 4b. The income down around 7% since the outbreak of Financial Crisis. (Son, 2003) 5. Impact on banking sector 5a. The reasons for the backing sector various, for example, the risk in interest rates, reduced availability of funding to be borrowed in the market, etc. (Carse, 1998) 5b. The customers deposits has slowed down in line with the recession economy. (Carse, 1998) 6. The economy recovery 6a. People believe that the benefits arising from the Closer Economic Partnership Arrangement (CEPA) between Hong Kong and the China. (Caplan, 2004) 6b. Robust economic growth in the past months has given Hong Kong bright prospects for economic recovery. (Mao, 2004) 7. Lingering problem Despite some people say that the worst is over for the Asian Financial crisis, other predict that the worst is yet to come in Hong Kong. (Tse and Yip, 2...