Why is the HDI useful for measuring development?

Answer 1

The Human Development Index (HDI) is useful for measuring development because it provides a composite index that assesses a country's social and economic progress through three key dimensions: health (life expectancy at birth), education (mean years of schooling and expected years of schooling), and standard of living (gross national income per capita). By incorporating both qualitative and quantitative factors, the HDI offers a more holistic view of development beyond mere economic indicators like GDP. This allows policymakers and researchers to identify disparities, prioritize areas for improvement, and track progress over time in enhancing human well-being.