This document contains information about economic development and human development principles. It discusses topics like the human development index, GDP, PPP, and key components that contribute to the HDI like life expectancy, education, and income. Several quotes from influential figures are also included that discuss principles like equality, individual rights, and human potential.

2. Lecture 6
Economic Development

3. Exam 1
Friday
Open book and open notes
Written

4. What is better?
Writing 50 sentences
Writing one sentence 50 times?

5. All you have to do is
write one true sentence.
Write the truest sentence
that you know.
- Ernest Hemingway

6. Truth
Words
Maximize

7. - Jordan Peterson
The reason you think
is so your thoughts
can die instead of you

8. And Nothing Shall
Offend Them
However, it ultimately is
impossible for another person
to offend you or to offend me.
Indeed, believing that another
person offended us is
fundamentally false.
To be offended is a choice we
make; it is not a condition
inflicted or imposed upon us by
someone or something else.
Elder David A. Bednar

9. Theories

10. Development Principle
ALL HUMAN BEINGS—male and female—are
created in the image of God. Each is a beloved spirit
son or daughter of heavenly parents, and, as such, each
has a divine nature and destiny.
- Proclamation on the Family

11. Development Principle
We hold these truths to be self-evident, that all men are
created equal and endowed by the Creator with certain
unalienable rights, that among these are life, liberty, and the
pursuit of happiness.That to secure these rights,
Governments are instituted among Men, deriving their just
powers from the consent of the governed.
- U.S. Declaration of Independence

12. Development Principle
Everyone has the right to life, liberty and security of
person. Everyone has the right to own property alone
as well as in association with others. No one shall be
arbitrarily deprived of his property.
- U.N. Universal Declaration of Human Rights, 1948
- Article 3 and 17

13. Development Principle
...Satan...came before me, saying–Behold, here am I, send me, I
will be thy son, and I will redeem all mankind, that one soul
shall not be lost, and surely I will do it; wherefore give me
thine honor.… Wherefore, because that Satan rebelled against
me, and sought to destroy the agency of man...I caused that
he should be cast down.
- Moses 1:1-4

14. Measuring Growth
GDP
PPP
HDI

15. Human Development Index
HDI
Long and Healthy Life
Acquire Knowledge
Access to Resources

18. Human Development
Index
Capacity
Opportunity

19. Long and Healthy
Life
Life Expectancy
20 to 83.2

20. Acquiring Knowledge
Years of Schooling
25 years and older
0 to 13.2

21. Acquiring Knowledge
ExpectedYears
0 to 20.6

22. Access to Resources
GNI per Capita
(PPP in U.S.)
$163 to $108,210
Log

23. Human Development
Index
Three variables
Percentages
Geometric Mean

24. Human Development
Index
Arithmetic Average
50% + 50% + 50%
= 50%

25. Human Development
Index
Arithmetic Average
75% + 50% + 25%
= 50%

26. Human Development
Index
Geometric Average
Cube Root of the Product
75% x 50% x 25%
= 9.4%
Cube Root of 9.4% = 45.4%

27. Geometric
A B C Average Average
50% 50% 50% 50% 50.0%
25% 50% 75% 50% 45.4%
10% 10% 130% 50% 23.5%
1% 50% 99% 50% 17.0%
1% 1% 148% 50% 5.3%

28. Human Development
Index
Measure Three Elements
Plot as percentages on range
Log Income
Geometric Mean

29. hdr.undp.org
Human
Development
Reports